Trend analysis (Fig. 1).
This week, the price will move up with the first goal of 1.2996 - the rolling level of 50.0% (blue dashed line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis is neutral;
- trend analysis - up;
- Bollinger lines - down;
- monthly schedule - up.
Conclusion of the complex analysis - upward movement.
The total result of the calculation of the candle of the GBP / USD currency pair on a weekly schedule: the price of the week is likely to have an upward trend with the presence of the first lower shadow at the weekly white candle and at the second upper shadow.
The first upper target of 1.2996 is the 50.0% sliding level (blue dashed line).
