Weekly review for the GBP / USD currency pair from December 17 to December 22, 2018

Trend analysis (Fig. 1).

This week, the price will move up with the first target of 1.2674, the rolling level of 23.6% (yellow dotted line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - up;

- Monthly schedule - up.

The conclusion of the complex analysis - upward 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 an upward trend with the absence of the first lower shadow of the weekly white candle (Monday, work up) and the absence of the second upper shadow (Friday, work up).

This week, the price will move up with the first target of 1.2674, the rolling level of 23.6% (yellow dotted line).

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