Trend analysis.
In the coming week, the price will move up with the first target - 1.2647 pullback level of 14.6% (blue dotted line).
Fig. 1 (weekly chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candle analysis – up;
- Trend analysis – down;
- Bollinger bands – up;
- Monthly chart – up.
The conclusion from the complex analysis is the upward movement.
The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price for weeks 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).
