Trend analysis.
This week, the price will move up with the first target of 1.2836 – a pullback level of 61.8% (yellow dotted line). In the case of achievement, it is possible to roll back down.
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Technical analysis – down;
- Trend analysis – up;
- Bollinger Bands – down;
- Monthly chart – up.
The conclusion of the complex analysis – an upward movement.
The total result of calculating the candle of the GBP / USD currency pair according to the weekly chart: the price for weeks is more likely to have an upward trend with the absence of the first lower shadow of the weekly white candlestick (Monday – up) and the absence of the second upper shadow (Friday – up).
The upper target of 1.2836 is a pullback level of 61.8% (yellow dotted line), from which a pullback down is possible.
