Trend analysis.
This week, the price will move down with the first target of 1.2856 - a pullback level of 14.6% (red dotted line). If reached, the next lower target is 1.2762 - a pullback level of 23.6% (red dotted line).
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candle analysis - neutral;
- Trend analysis - up;
- Bollinger Bands - up;
- Monthly chart - down.
The conclusion of the complex analysis - a downward movement.
The total result of calculating the candle of the GBP/USD currency pair according to the weekly chart: the price of the week probably will have a downward trend with the presence of the first upper shadow of the weekly black candles (Monday - up) and absence of the second lower shadow (Friday - down).
The first lower target of 1.2856 is a pullback level of 14.6% (red dotted line). If reached, the next lower target is 1.2762 - a pullback level of 23.6% (red dotted line).
An unlikely scenario - from the level of 1.2917, work up to the target of 1.3011 - the upper fractal (yellow dotted line).
