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

Due to the news, the market on Thursday had great volatility. However, it could not test the rolling 50.0% level - 1.29828 (blue dashed line). Strong calendar news today is not expected.

Trend analysis (Fig. 1).

On Friday, the price will move up. The first upper target Of 1.2992 is the recoil level of 38.2.% (Yellow dotted line).

gbpusd-d1-instaforex-companies-group.png

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Friday, the price will move up. The first upper target of 1.2992 is the recoil level of 38.2.% (Yellow dotted line).

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