Indicator analysis. Daily review for GBP / USD pair on June 6, 2018

On Wednesday, the following strong calendar news comes out:

- 14.30 London time. USD, stocks of crude oil. The expected value is -1.824M compared to the previous value of -3.629M.

Trend analysis (Figure 1).

On Tuesday, the price moved upward, breaking the recession level of 14.6% at 1.3373 (yellow dotted line), after which, it rushed upwards. On Wednesday, the price will most likely storm the next pullback level of 23.6% at 1.3479. A complex analysis will more accurately determine where the price will go next.


Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion:

On Wednesday, the GBP / USD pair will have an upward movement towards the first goal at 1.3479 with a recession rate of 23.6%.

The material has been provided by InstaForex Company -