GBP/USD: Indicator analysis – December 21, 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

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