Indicator analysis GBP/USD; daily review Nov 11, 2019

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Trend analysis (Fig. 1).

On Monday, the price will move up, with the first target 1.2827 – pullback level 23.6% (red dashed line), if this level is reached, resume work down, with the lower target 1.2610 – pullback level 38.2% (blue dashed line) .

Fig. 1 (daily chart).

Comprehensive analysis:

– Indicator analysis – up;

– Fibonacci levels – up;

– Volumes – up;

– Candlestick analysis – up;

– Trend analysis – up;

– Bollinger Lines – down;

– Weekly schedule – down.

General conclusion:

On Monday, the price may start to move up.

The upper target 1.2827 is a retracement level of 23.6% (red dashed line), if this level is reached, resume work down, with the lower target 1.2610 – a retracement level of 38.2% (blue dashed line).

An unlikely scenario – immediately moving down with a target of 1.3168 – retracement level of 38.2% (blue dashed line).

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

Source:: Indicator analysis. Daily review on November 11, 2019, on the GBP / USD currency pair.

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