Trend analysis (Fig. 1).
In the coming week, the price will move down with the first target of 1.2992 – 21 average EMA (black dotted line).
Fig. 1 (weekly chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – neutral;
- Volumes – down;
- Candle analysis – neutral;
- Trend analysis – up;
- Bollinger bands – up;
- Monthly schedule – down.
The conclusion from the complex analysis – a downward movement.
The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price of the week is likely to have a downward trend with the absence of the first lower shadow of the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).
In the coming week, the price will move down with the first target of 1.2992 – 21 average EMA (black dotted line).
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