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Indicator analysis. Daily review on Sept 2, 2019 for the GBP/USD currency pair
Trend analysis (Fig. 1).
On Monday, the price may begin to start a pullback upward movement, with the target of 1.2226 – the upper fractal.
Fig. 1 (daily chart).
Comprehensive analysis:
– indicator analysis – up;
– Fibonacci levels – down;
– volumes – up;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger Lines – down;
– weekly schedule – up.
General conclusion:
On Monday, the price may start a pullback upward movement.
An unlikely scenario is a downward movement with a target of 1.2127 – a pullback level of 61.8% (blue dashed line).
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Indicator analysis. Daily review on September 2, 2019 for the GBP / USD currency pair