Trend analysis (Fig. 1).
This week, the price will move down with the first target of 1.2894, the support line of the ascending channel (blue bold line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - down;
- Bollinger lines - down;
- Monthly schedule - up.
The conclusion on a comprehensive analysis - the downward movement.
The total result of the calculation of the GBP / USD currency pair candle on a weekly schedule: the price of the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle (Monday - up) and the second lower shadow (Friday - up).
This week, the price will move down with the first target of 1.2894, the support line of the ascending channel (blue bold line).
