Indicator analysis. Daily review for January 8, 2019 for the pair GBP / USD.

Trend analysis (Fig. 1).

On Tuesday, it is possible to work upwards with the first upper target 1.2815 - the upper fractal. Upper work is possible only in case of overcoming the rollback level of 38.2% - 1.2790 (yellow dotted line).

gbpusd-d1-instaforex-companies-group.png

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - down;

- volumes - up;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- weekly schedule - up.

General conclusion:

On Tuesday, it is possible to work upwards with the first upper target 1.2815 - the upper fractal. Upper work is possible only in case of overcoming the rollback level of 38.2% - 1.2790 (yellow dotted line).

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