05.12.201909:29 Forex Analysis & Reviews: Indicator analysis: Daily review on December 5, 2019, on GBP/USD currency pair

Trend analysis (Fig. 1).

On Thursday, the price can continue to move up with the target of 1.3168 (a pullback level of 50%) presented in a yellow dashed line, and upon reaching this level, start a pullback move down with the first target 1.2991 (pullback level of 14.6%) presented in a blue dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Thursday, the price can continue to move up with the target of 1.3168, this is a pullback level of 50%, presented in a yellow dashed line. Upon reaching this level, start a pullback move down with the first target 1.2991 which is a pullback level of 14.6% presented in a blue dashed line.