Trend analysis (Fig. 1).
In the coming week, the price will move up with the first target 1.3177 – a pullback level of 38.2% (yellow dotted line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Monthly schedule - up.
Conclusion of the complex analysis - upward movement.
The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price in the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the absence of the second upper shadow (Friday – up).
In the coming week, the price will move up with the first target 1.3177 – a pullback level of 38.2% (yellow dotted line).
