GBP/USD Daily review for January 18, 2019

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Trend analysis (Fig. 1).

On Friday, work down from the first lower target of 1.2925 is a rolling level of 14.6% (yellow dotted line).

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – down;

– volumes – down;

– candlestick analysis – down;

– trend analysis – up;

– Bollinger lines – down;

– weekly schedule – down.

General conclusion:

On Friday, work down from the first lower target of 1.2925 is a rolling level of 14.6% (yellow dotted line).

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

Source:: Indicator analysis. Daily review for January 18, 2019 for the pair GBP / USD

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