- According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- MVP line is above the price and acts as a resistance level.
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
Chart & Analyst Comments
