Trend analysis (Fig. 1).
In the coming week, the price will move up with the first target 1.3176 – a pullback level of 38.2% (blue dotted line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Monthly schedule - up.
The conclusion of a comprehensive analysis - a downward 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 presence of the first lower shadow of the weekly white candle (Monday – down) and the presence of the second upper shadow (Friday – down).
In the coming week, the price will move up with the first target 1.3176 – a pullback level of 38.2% (blue dotted line).
The material has been provided by InstaForex Company - www.instaforex.com