Trend analysis (Fig. 1).

On Monday, the price will continue to move up. The first upper target of 1.2943 is the recoil level of 38.2% (yellow dotted line).

gbpusd-d1-instaforex-companies-group.png

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – down;

– candlestick analysis – up;

– trend analysis – down;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

: The price will continue to move up on Monday. The first upper target of 1.2943 is the recoil level of 38.2% (yellow dotted line).

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

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