Trend analysis (Fig. 1).
This week, the price will move down with the first target of 1.2437, the lower fractal.
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - neutral;
- Volumes - up;
- Candlestick analysis is neutral;
- Trend analysis - down;
- Bollinger lines - down;
- Monthly schedule - up.
The conclusion on a comprehensive analysis - the downward movement.
The total sum of the calculation of the GBP / USD currency pair candle on the weekly schedule: the price of the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle (Monday - down) and the absence of the second lower shadow (Friday - down).
This week, the price will move down with the first target of 1.2437, the lower fractal.
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