13.08.201912:14 Forex-elemzések és áttekintések: Technical analysis for GBP/USD currency pair for the week from August 12 to 17, 2019

Trend analysis.

This week, the price will move up with the first target of 1.2363 – a pullback level of 14.6% (yellow dotted line).

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis – down;

- Fibonacci levels – up;

- Volumes – up;

- Candle analysis – up;

- Trend analysis – down;

- Bollinger Bands – up;

- Monthly schedule – down.

The conclusion from the complex analysis is the upward movement.

The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price in the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the presence of the second upper shadow (Friday – down).

This week, the price will move up with the first target of 1.2363 – a pullback level of 14.6% (yellow dotted line).