07.05.201817:21 Forex Analysis & Reviews: Indicator analysis. Monthly review for May 2018 for the pair GBP / USD

Trend analysis (Figure 1).

The scenario of reaching the price of the line supporting a steeper channel (white thin dotted line) is unlikely. The next lower target is the retracement level of 38.2% (1.3459).

Fig. 2 (monthly chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - up;

Conclusion on complex analysis - possible down.

The total result of calculating the candle of the GBP / USD currency pair on a monthly chart: the price is most likely to have a downward trend with the absence of the first upper shadow (the first week of the month is black) in the monthly black candle and the absence of the second lower shadow (last week is black).

The lower target is 1.3459 the retracement level is 38.2% (red dotted line).