Trend analysis (Fig. 1).
In the coming week, the price will move down with the first target of 1.2908 – a pullback level of 50.0% (blue dotted line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis is neutral;
- Trend analysis - down;
- Bollinger lines - down;
- Monthly schedule - up.
The conclusion from the complex analysis is the downward movement.
The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price for the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).
In the coming week, the price will move down with the first target of 1.2908 – a pullback level of 50.0% (blue dotted line).
