Trend analysis (Fig. 1).
In the coming weeks, the price will move up with the first goal of 1.2985 - a pullback level of 23.6% (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 - up;
- monthly schedule - down.
Conclusion of the complex analysis - upward movement.
The overall 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 absence of the first lower shadow of the weekly white candle (Monday - up) and the presence of the second upper shadow (Friday - down).
In the coming weeks, the price will move up with the first goal of 1.2985 - a pullback level of 23.6% (blue dashed line).
