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Trend analysis.
In the coming week, the price will move up with the first target - 1.2661, a pullback level of 23.6% (yellow dotted line).
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis – down;
- Fibonacci levels – up;
- Volumes – up;
- Candle analysis – neutral;
- Trend analysis – up;
- Bollinger bands – down;
- 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 for weeks is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle (Monday – down) and the absence of the second upper shadow (Friday – up).
The price will move up with the first target - 1.2661, a pullback level of 23.6% (yellow dotted line).
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