Trend analysis (Figure 1).
On the weekly chart this week, the price, according to technical analysis, will once again try to move up with the first goal of 1.3148, 21 average EMA (black thin line). The second scenario is unlikely, but this movement is down with reaching the support line of 1.2940 (white thin line) and only then, moving upwards.
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger lines - down;
- Monthly schedule - up.
The conclusion of the complex analysis - upward movement.
The total result of the GBP / USD currency pair candlestick calculation by the weekly chart: the price for the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the absence of the second upper shadow.
The first upper target is 1.3148, 21 middle EMA (black thin line). The second scenario is unlikely, but this movement is down with reaching the support line of 1.2940 (white thin line), and only then move up.
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