Trend analysis (Figure 1).
On Friday, the price worked down in the side channel. The market on Monday can continue to move down, with the first goal 1.3299 - the lower fractal (red dotted line). Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion:
On Monday, the GBP/USD pair moves down from the first target 1.3299 - the lower fractal (blue dotted line).
The material has been provided by InstaForex Company - www.instaforex.com