Indicator analysis. The daily review of the currency pair GBP / USD on February 5, 2019

Trend analysis (Fig. 1).

On Tuesday, the price will try to continue moving down. To do this, it will have to overcome the recoil level of 23.6% - 1.3034 (blue dashed line), which is unlikely. From this level, an upper movement is possible.

MrQzzjo5KkRV77h3pIcPwj24XzCvA2hVLBB8iMNo

Fig. 1 (daily schedule).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

On Tuesday, the price will try to continue moving down. To do this, it will have to overcome the recoil level of 23.6% - 1.3034 (blue dashed line), which is unlikely. From this level, an upper movement is possible.

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