Trend analysis (Figure 1).
On Friday, the price re-tested, but could not overcome 21 average EMA, which means that on Monday, most likely, there may be a downward movement. Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
On Monday, the GBP/USD pair may move up with the first target 1.3479-a recoil level of 23.6% (yellow dotted line).
