Trend analysis (Fig. 1).
This week, the price will move up with the first target of 1.3406- a rolling 50.0% level (blue dashed line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- monthly schedule - up.
The conclusion from the complex analysis - upward movement.
The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the absence of the second upper shadow (Friday – up).
In the coming week, the price will move up with the first target of 1.3406 - a sliding level of 50.0% (blue dashed line).
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