Indicator analysis. Daily review on Sept 11, 2019 for the GBP/USD currency pair
Trend analysis (Fig. 1).
On Wednesday, the price may continue to move up with the target at 1.2385 – the upper fractal. From the level of 1.2385, you can work down, but very carefully, with profit taking at the very first properties of the upper work.
Fig. 1 (daily chart).
Comprehensive analysis:
– indicator analysis – up;
– Fibonacci levels – up;
– volumes – up;
– candlestick analysis – up;
– trend analysis – up;
– Bollinger Lines – up;
– weekly schedule – up.
General conclusion:
On Wednesday, the price may continue to move up.
From the level of 1.2385, you can work down with the first target of 1.2007 – the lower fractal.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Indicator analysis. Daily review on September 11, 2019 for the GBP / USD currency pair