Weekly review of the pair GBP/USD from May 6 to 11, 2019

Trend analysis (Fig. 1).

In the coming week, the price will move down with the first target of 1.2992 – 21 average EMA (black dotted line).

Fig. 1 (weekly chart).

Comprehensive analysis:

- Indicator analysis – down;

- Fibonacci levels – neutral;

- Volumes – down;

- Candle analysis – neutral;

- Trend analysis – up;

- Bollinger bands – up;

- Monthly schedule – down.

The conclusion from the complex analysis – a downward movement.

The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price of the week is likely to have a downward trend with the absence of the first lower shadow of the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).

In the coming week, the price will move down with the first target of 1.2992 – 21 average EMA (black dotted line).