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FX.co ★ Indicator analysis. Daily review for May 21, 2018 for the GBP/USD pair

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Forex Analysis:::2018-05-21T06:46:20

Indicator analysis. Daily review for May 21, 2018 for the GBP/USD pair

Trend analysis (Figure 1).

On Friday, the price worked down in the side channel. The market on Monday can continue to move down, with the first goal 1.3299 - the lower fractal (red dotted line). Complex analysis will more accurately tell where the price will go.

Indicator analysis. Daily review for May 21, 2018 for the GBP/USD pair

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion:

On Monday, the GBP/USD pair moves down from the first target 1.3299 - the lower fractal (blue dotted line).

Analyst InstaForex
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