Weekly review of the currency pair GBP / USD from December 3 to 7, 2018

Trend analysis (Fig. 1).

This week, the price will move up with the first target of 1.2940, 13 average EMA (yellow thin line).

7XuCq9thkymAzn1tPvXQY0GviX32ZORNeIcHioMD

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - neutral;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- 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 is work up) and the second upper shadow (Friday is work down).

The first upper target is 1.2940, 13 middle EMA (yellow thin line).

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