Indicator analysis: Daily review on December 3, 2019, on GBP/USD currency pair

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move up with the first target 1.2976, the resistance line of the side channel presented in a red bold line. In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.3013 presented in a blue dashed line.

analytics5de5f9fc755af.png

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Tuesday, the price may continue to move up with the first target 1.2976, the resistance line of the side channel in a red bold line. In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.3013, presented in a blue dashed line.

Possible scenario: from the level of 1.2976, work down with the first target of 1.2823 that is the lower fractal.

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