Weekly review of the GBP / USD pair from February 4 to 9, 2019

Trend analysis (Fig. 1).

This week, the price will move up with the first goal of 1.30216, the upper fractal.

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- 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 for the weekly white candle (Monday is up) and the absence of the second upper shadow (Friday is up).

This week ,the price will move up with the first goal of 1.30216, the upper fractal.

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