Trend analysis.
This week, the price will move up with the first target of 1.2265 - the resistance line (red bold line). Breaking up the this level for the first time is unlikely. From this line - 1.2265 - you can work down.
Fig. 1 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger Lines - up;
- monthly chart - up.
The conclusion of a comprehensive analysis is an upward movement.
The overall result of calculating the candle of the GBP / USD currency pair according to the weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candlestick (Monday - up) and the presence of the second upper shadow (Friday - down).
This week, the price will move up with the first target of 1.265 - the resistance line (red bold line). From this line you can work down.
