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

analytics5d282eef0c3f2.png

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

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*