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Indicator analysis: Review of the GBP / USD pair for the US session on February 22, 2019

Trend analysis (Fig. 1).

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In the American session, the price may continue to move down to the first lower target of 1.2941 with 50.0% correction level (blue dashed line).

Fig. 1 (twelve-hour chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- weekly schedule - up.

General conclusion:

In the American session, the price may continue to move down to the first lower target of 1.2941 with 50.0% correction level (blue dashed line).

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