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 0.034730195999146s
t_/pages/forecast: 1x 0.03307580947876s
t_/common/header-new: 1x 0.022381067276001s
t_/common/head: 1x 0.018840074539185s
t_/common/footer-new: 1x 0.0027310848236084s
router_page: 1x 0.00086593627929688s
router: 1x 0.00059008598327637s
t_/popups/on-download: 1x 0.00052213668823242s
t_/common/cookie-banner: 1x 0.00041413307189941s
service-routes: 1x 0.00018501281738281s
t_/blocks/sidebar-afil: 1x 0.0001828670501709s
router_redirection: 1x 0.00010800361633301s
t_/popups/zoom: 1x 2.8848648071289E-5s
----- END OF DUMP (2026-06-15 08:04:06)  -----