On Thursday, these are the following strong news:
- 8.30 London time, retail sales (m / m) (Mar), the expected value is -0.5% compared to the previous value 0.8%;
- 12.30 London time, USD, the index of production activity from the Federal Reserve Bank of Philadelphia (Apr), the expected value is 20.8 compared to the previous value of 22.3.
Trend analysis (Figure 1).
On Wednesday, the price moved down. On Thursday, there is a high probability that it may move down. A complex analysis will more accurately determine where the price will go next.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Thursday, the GBP / USD pair moves downward towards the first target of 1.4150, which is the recession rate of 23.6%.
