GBPUSD - Upward trend will continue, Long trade by market price recommended
November 25, 2019 6:29:59 PM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.294)
+140 p
1.3025
Target 1
1.2885
Entry
-140 p
1.2745
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
For today's forecast, we recommend a Buy Order at this recommended market price - 1.2885. This idea is based on the following analysis:
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
- Here we see an accumulation of sellers "locked" with a loss positions. We consider this zone as a support.