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Indicator analysis. Daily review for May 9, 2019 for the pair GBP / USD

Trend analysis (Fig. 1).

On Thursday, technical analysis gives a rollback to the upward movement. The first upper target 1.3059 is the pullback level of 38.2% (yellow dotted line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Thursday, technical analysis gives a rollback to the upward movement. The first upper target 1.3059 is the pullback level of 38.2% (yellow dotted line).

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