Trend analysis (Fig. 1).
This week, the price will move up with the first goal of a rolling level of 14.6% 1.2754 (yellow dotted line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Monthly schedule - up.
The conclusion of the complex analysis - upward movement.
The total sum of the calculation of the GBP / USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second upper shadow (Friday is up).
This week, the price will move up with the first intermediate target, the rolling level of 14.6% 1.2754 (yellow dotted line).
The material has been provided by InstaForex Company -
www.instaforex.com