Indicator analysis. Daily review of GBP / USD pair for October 24, 2018

Trend analysis (Fig. 1).

On Wednesday, the price will move down with the first target of 1.2922 on the lower fractal. After breaking through this level, the next lower target is the support line (red thick line) at 1.2728.

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – neutral;

– volumes – down;

– candlestick analysis – down;

– trend analysis – down;

– Bollinger lines – down;

– weekly chart – down.

General conclusion:

On Wednesday, the price will move down with the first target of 1.2922 on the lower fractal.

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