Indicator analysis. Daily review of GBP / USD pair for May 30, 2018

Trend analysis (Figure 1).

On Tuesday, the price moved down for the fourth time, breaking the lower fractal level at 1.3299 (red dotted line). On Wednesday, the price can roll back upward. A complex analysis will more accurately determine where the price will go next.

gbpusd-d1-instaforex-group.png

Fig. 1 (daily chart).

Indicator analysis on the daily schedule (Figure 2).

The system of ADX indicators (Figure 1).

On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved down. In this case, the trend should be determined by trend type indicators.

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion:

On Wednesday, the GBP / USD pair will move towards the upside with the first goal at the historical resistance level of 1.3299.

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