Trend analysis (Fig. 1).

On Thursday, the trend work upwards with the first top target 1.3100 – a rolling level of 76.4% (yellow dotted line). Then lower work is possible.

gbpusd-d1-instaforex-companies-group-2.p

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – up;

– volumes – down;

– candlestick analysis – down;

– trend analysis – up;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

On Thursday, the trend work upwards with the first top target 1.310 – a rolling level of 76.4% (yellow dotted line) then lower work is possible.

The material has been provided by InstaForex Company – www.instaforex.com

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