Trend analysis (Fig. 1).
In October, it is possible for the upward movement to continue with the first target of 38.2% at the level of 1.3316 (yellow dotted line).
Fig. 2 (monthly chart).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
Conclusion of the complex analysis - possibly upward.
The total result of calculating the candle of the GBP / USD currency pair on a monthly schedule: the price is likely to have an upward trend with the absence of the first lower shadow (the first week of the month is white) for the monthly white candle and the second upper shadow (the last week is black).
The upper target is 1.3316 with a recoil level of 38.2% (yellow dotted line).
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