Technical analysis for the GBP/USD currency pair for the week from July 8 to July 13, 2019

Trading 08 juil 2019 Donner votre avis

Trend analysis.

In the coming week, the price will move down with the first target – 1.2414 lower fractal.

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Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis – down;

- Fibonacci levels – down;

- Volumes – up;

- Candle analysis – neutral;

- Trend analysis – down;

- Bollinger Bands – down;

- Monthly schedule – down.

The conclusion from the complex analysis is the downward 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 a downward trend with the absence of the first upper shadow of the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).

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

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