Indicator analysis. Daily review for May 16, 2019 for the GBP / USD pair

Trend analysis (Fig. 1).

On Thursday, technical analysis demonstrates an upward movement. The first upper target of 1.2877 is the pullback level of 14.6% (yellow dotted line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Thursday, technical analysis demonstrates an upward movement. The first upper target of 1.2877 is the pullback level of 14.6% (yellow dotted line).

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