Weekly review for the GBP / USD currency pair from October 29 to November 3, 2018

Trend analysis (Fig. 1).

On the weekly chart, the price will move down with the target of 1.2746, the support line (red thick line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - neutral;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Monthly schedule - down.

The conclusion of the complex analysis - downward movement.

The total result of the calculation of the candle of the GBP / USD currency pair on a weekly schedule: the price of the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle and the absence of the second lower shadow.

The lower target is 1.2746, support line (red thick line).

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