08.11.201908:34 Forex Analysis & Reviews: Indicator analysis. Daily review on November 8, 2019, on the GBP / USD currency pair.

Trend analysis (Fig. 1).

It is expected to continue moving down to the level of 1.2792 - the support line (yellow thin line). From this level it is possible to move up to the target 1.1883 - a retracement level of 38.2% (yellow dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Friday, the price may continue to move down.

It is expected to continue moving down to the level of 1.2792 - the support line (yellow thin line). From this level it is possible to move up to the target 1.1883 - a retracement level of 38.2% (yellow dashed line).

An unlikely scenario is a downward movement with the target at 1.2764 - a retracement level of 23.6% (blue dashed line).