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On Tuesday these are the following strong calendar news:
- 8.30 London time. GBP, consumer price index (CPI) (y / y) (Mar), The expected value is 2.7%, compared to the previous value of 2.7%;
- 14.30 London time. USD, crude oil reserves, are waiting for -1.429M, the previous value is 3.306M.
Trend analysis (Figure 1).
On Tuesday, the price worked down because of the news. On Wednesday, there is a high probability to continue its uptrend in the market. A complex analysis will more accurately determine where the price will go next.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the GBP / USD pair will move down with the first target of 1.4191.
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