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Indicator analysis. The daily review of the currency pair GBP / USD for May 18, 2018

Trend analysis (Figure 1).

On Thursday, the price worked out the top in the side channel. On Friday, the market can start moving up, with the first target of 1.3584, a pullback level of 14.6% (yellow dotted line). The complex analysis will more accurately tell where the price will go.


Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion:

On Friday, on the GBP / USD pair, the upward movement with the first target of 1.3584 is the pullback level of 14.6% (yellow dotted line).

The material has been provided by InstaForex Company -