Indicator analysis. Daily review on August 16, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Friday, the price will continue to move up, with the first target at 1.2215 - a pullback level of 14.6% (yellow dashed line).


Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Friday, the price will continue to move up.

The scenario of the lower movement is unlikely, but it is still considered. When moving down, the first lower target on 1.2015 is the lower fractal.

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