Trend analysis.
This week, the price will move up with the first target of 1.3087 – resistance line (black bold line). If achieved, the pullback down with the target – 1.2856, the pullback level of 14.6% (red dotted line).
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – down;
- Candlestick analysis – down;
- Trend analysis – up;
- Bollinger Bands – up;
- Monthly chart – up.
The conclusion of the complex analysis – 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 presence of the first lower shadow of the weekly white candlestick (Monday – down) and the absence of the second upper shadow (Friday – up).
The upper target of 1.3087 is the resistance line (black bold line).
In the case of reaching the level of 1.3087, the rollback works down with the target – 1.2856, the rollback level is 14.6% (red dotted line).
An unlikely scenario – from the level of 1.3087, work up with the target of 1.3170 – a retracement level of 85.4% (yellow dashed line).
