Having worked out below due to the strong news yesterday, the market almost completely eliminated the bottom news work and continues to move upward. This indicates the continuation of the uptrend.
Trend analysis (Figure 1).
Today, the market will continue to move up towards the first target at 1.3413, which is the middle line of the EMA (black line).
Fig. 1 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Thursday, the market for the GBP / USD pair will move up towards the first target at 1.3413, which is the middle line of the EMA (black line).
The material has been provided by InstaForex Company - www.instaforex.com