Indicator analysis. Daily review on Sept 27, 2019 for the GBP/USD currency pair

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Trend analysis (Fig. 1).

On Friday, the price will move up with the first target 1.2344 – a pullback level of 14.6% (red dashed line). The price, in case of breaking through, can continue to move up with the target of 1.2370 – a pullback level of 23.6% (red dashed line).

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 Friday, the price will continue to move up.

An unlikely scenario is a downward movement, with the first target at 1.2271 – a pullback level of 50% (blue dashed line).

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

Source:: Indicator analysis. Daily review on September 27, 2019 for the GBP / USD currency pair

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