Indicator analysis. Daily review for June 11, 2018 on the GBP/USD pair.

Trend analysis (Figure 1).

On Friday, the price re-tested, but could not overcome 21 average EMA, which means that on Monday, most likely, there may be a downward movement. Complex analysis will more accurately tell where the price will go.

gbpusd-d1-instaforex-group.png

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

On Monday, the GBP/USD pair may move up with the first target 1.3479-a recoil level of 23.6% (yellow dotted line).

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