Indicator analysis. Daily review on Sept 2, 2019 for the GBP/USD currency pair

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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

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