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16.07.201909:19 Forex Analysis & Reviews: Indicator analysis. Daily review on July 16, 2019 for the GBP / USD currency pair

Long-term review
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On Monday, the pair did not manage to overcome the rolling level of 38.2% - 1.2572 (blue dashed line) and went down. On Tuesday, the pair will try to continue moving down. Strong calendar news is expected at 8:30 UTC+00 (pound), 12:00 UTC+00 (pound), 12:30 UTC+00, 17:00 UTC+00 (dollar).

Exchange Rates 16.07.2019 analysis

Trend analysis (Fig. 1).

On Tuesday, the price will continue to move down, with the first goal of 1.2440 - the lower fractal.

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Tuesday, the price will continue to move down with the first goal of 1.2440 - the lower fractal.

Stefan Doll
Analytical expert of InstaForex
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