Indicator analysis. Daily review of July 12, 2019 for the GBP/USD currency pair

Trend analysis (Fig. 1).

On Friday, the price will continue to move up with the first goal of 1.2572 – the upper fractal. Upon reaching this, the continuation of the upward movement with the following goal is possible – a pullback level of 50.0% 1.2612 (blue dotted line).

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis – up;

– trend analysis – up;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

On Friday, the price will continue to move up with the first goal of 1.2572 – the upper fractal. Upon reaching this, the continuation of the upward movement with the following goal is possible – a pullback level of 50.0% 1.2612 (blue dotted line).

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

Source:: Indicator analysis. Daily review of July 12, 2019 for the GBP / USD currency pair