On Monday, the following strong calendar news comes out:
12.30 London time. USD, sales in the secondary housing market (Mar). The expected value is 5.55M compared to the previous value of 5.54M.
Trend analysis (Figure 1).
On Friday, the price worked down and the news helped the currency a lot. On Monday, the market is likely to continue to move down towards the support line of 1.3877. 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 - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
On Monday, the GBP / USD pair will have a downward movement with the first target support line of 1.3877.
