Technical analysis for the GBP/USD currency pair for the week from September 23 to 28, 2019

Trend analysis.

This week, the price will move up with the first target of 1.2668 – resistance line (blue bold line). In the case of achievement – rolling work down.

Fig. 1 (weekly chart).

Complex analysis:

– Indicator analysis – up;

– Fibonacci levels – up;

– Volumes – up;

– Candle analysis – up;

– Trend analysis – up;

– Bollinger bands – up;

– Monthly chart – up.

The conclusion of the complex analysis is an upward movement.

The overall result of calculating the candle of the GBP/USD currency pair according to the weekly chart: the price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candlestick (Monday – down) and the absence of the second upper shadow (Friday – up).

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

Source:: Technical analysis for the GBP/USD currency pair for the week from September 23 to 28, 2019