Technical analysis for the GBP/USD currency pair for the week from June 10 to 15, 2019
June 10, 2019 4:22 pm
Trend analysis.
In the coming week, the price will move up with the first target – 1.2872, pullback level of 38.2% (yellow dotted line).
Fig. 1 (weekly chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – up;
– Volumes – up;
– Candle analysis – up;
– Trend analysis – up;
– Bollinger Bands – up;
– Monthly chart – up.
The conclusion from the complex analysis – upward movement.
The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price in the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle (Monday – down) and the presence of the second upper shadow (Friday – down).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis.
In the coming week, the price will move up with the first target – 1.2872, pullback level of 38.2% (yellow dotted line).
Fig. 1 (weekly chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – up;
– Volumes – up;
– Candle analysis – up;
– Trend analysis – up;
– Bollinger Bands – up;
– Monthly chart – up.
The conclusion from the complex analysis – upward movement.
The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price in the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle (Monday – down) and the presence of the second upper shadow (Friday – down).
The material has been provided by InstaForex Company – www.instaforex.com
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