Indicator analysis. Daily review on September 13, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Friday, the price, after breaking through the resistance line, may continue to move up with the target of 1.2385 - the upper fractal. From this level you can work down.


Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - neutral;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Friday, the price will continue to move up.

An unlikely scenario is a downward movement, with the first target of 1.23818 - a support line (red bold line).

The material has been provided by InstaForex Company -