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 0.026689052581787s
t_/pages/forecast: 1x 0.024326086044312s
t_/common/header-new: 1x 0.01537299156189s
t_/common/head: 1x 0.012572050094604s
t_/common/footer-new: 1x 0.002485990524292s
router_page: 1x 0.00077986717224121s
router: 1x 0.0005490779876709s
t_/popups/on-download: 1x 0.00044608116149902s
t_/common/cookie-banner: 1x 0.00033378601074219s
service-routes: 1x 0.00023889541625977s
router_redirection: 1x 0.00014305114746094s
t_/blocks/sidebar-afil: 1x 0.0001218318939209s
t_/popups/zoom: 1x 1.0013580322266E-5s
----- END OF DUMP (2025-09-17 16:06:09)  -----