Trend analysis (Figure 1).
Touching the support line for the fourth time gives a high probability of moving up with the first target of 1.3374, a pullback level of 14.6% (yellow dotted line).
Fig. 1 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - upwards;
- Candle analysis - neutral;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Monday, on the GBP / USD pair, it is possible that the upward movement with the first target of 1.3374 is a pullback level of 14.6% (yellow dotted line).
