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 0.039705038070679s
t_/pages/forecast: 1x 0.037661075592041s
t_/common/header-new: 1x 0.026122808456421s
t_/common/head: 1x 0.021387100219727s
t_/common/footer-new: 1x 0.0029981136322021s
router_page: 1x 0.0010750293731689s
router: 1x 0.00072193145751953s
t_/popups/on-download: 1x 0.00063514709472656s
t_/common/cookie-banner: 1x 0.00054001808166504s
service-routes: 1x 0.00028109550476074s
t_/blocks/sidebar-afil: 1x 0.00020694732666016s
router_redirection: 1x 0.00015687942504883s
t_/popups/zoom: 1x 2.0980834960938E-5s
----- END OF DUMP (2026-07-05 14:50:07)  -----