Trend analysis (Fig. 1).
This week, the price will initially go down with the first target of 1.2934 - the rolling level of 50.0% (blue dashed line). Upon reaching this level, it is possible to go up with the first goal of 1.3067 - a rolling level of 23.6% (yellow dotted line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis is neutral;
- trend analysis - up;
- Bollinger lines - down;
- monthly schedule - up.
Conclusion of the complex analysis - upward movement.
The total result of the calculation of the candle of the GBP / USD currency pair according to the weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle and the absence of the second upper shadow.
The price will initially go down with the first target of 1.2934 - the rolling level of 50.0% (blue-dashed line). Upon reaching this level, it is possible to go up with the first goal of 1.3067 - a rolling level of 23.6% (yellow-dotted line).
The material has been provided by InstaForex Company - www.instaforex.com