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GBP/USD: Indicator analysis – December 21, 2018
Posted On 21 Dec 2018
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Trend analysis (Fig. 1).
On Friday, a downward movement with a lower target of 1.2619 is possible – a rolling level of 38.2% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – down;
– candlestick analysis is neutral;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – up.
General conclusion:
There’s a downward movement with a lower target of 1.2619 is possible – a rolling level of 38.2% (yellow dotted line) on Friday.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Indicator analysis. Daily review for December 21, 2018 for the pair GBP / USD