Trend analysis
This week, the price will move up with the first target of 1.2782 on the upper fractal.
Fig. 1 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- Bollinger lines - up;
- monthly schedule - up.
Conclusion of the complex analysis - upward movement.
The total result of the calculation of the GBP/USD candle on the weekly chart: the price is more likely to have an upward trend for weeks with the presence of the first lower shadow of the weekly white candle (Monday -down) and the absence of the second upper shadow (Friday -up).
