Weekly review for the currency pair GBP / USD from January 28 to February 2, 2019

Trend analysis (Fig. 1).

This week, the price will move down with the first target of 1.3031, a rolling level of 23.6% (blue dashed line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Monthly schedule - up.

Conclusion on a comprehensive analysis - the downward movement.

The total sum of the calculation of the GBP / USD currency pair candle 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 (Monday - down) and the presence of the second lower shadow (Friday - up).

This week, the price will move down with the first target of 1.3031, a rolling level of 23.6% (blue dashed line).

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