Indicator analysis. Daily review on October 11, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Friday, the price will move up, with the first target of 1.2511 - the resistance line (blue bold line). From this level, a rollback is possible.


Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Friday, the price may continue to move up.

The first upper target of 1.2511 is the resistance line (blue bold line).

An unlikely scenario is a downward movement with a target pullback level of 23.6% - 1.2406 (red dotted line).

The material has been provided by InstaForex Company -