EN

GBPUSD - Downward trend will continue, Short trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time10/7/19 6:43 AM
Direction Sell
Status Closed (1.2470)
Oct. 7, 2019
Oct. 14, 2019
Forecast
-150 p
1.2470
Stop Loss
1.2320
Entry
+150 p
1.2170
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell GBPUSD.
  2. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  5. MVP line is above the price and acts as a resistance level.
    index: 1x 0.030009984970093s
t_/pages/forecast: 1x 0.028326988220215s
t_/common/header-new: 1x 0.017326831817627s
t_/common/head: 1x 0.01408314704895s
t_/common/footer-new: 1x 0.0024600028991699s
router_page: 1x 0.00084209442138672s
router: 1x 0.00066709518432617s
t_/popups/on-download: 1x 0.00048398971557617s
t_/common/cookie-banner: 1x 0.00043392181396484s
service-routes: 1x 0.00026917457580566s
t_/blocks/sidebar-afil: 1x 0.00017094612121582s
router_redirection: 1x 0.00014495849609375s
t_/popups/zoom: 1x 4.887580871582E-5s
----- END OF DUMP (2026-09-03 23:47:09)  -----