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FX.co ★ Indicator analysis. Daily review for November 12, 2018 for the GBP/USD pair

Indicator analysis. Daily review for November 12, 2018 for the GBP/USD pair

Trend analysis (Fig. 1).

On Monday, the price will move downwards, with the first target – a pullback level of 50.0% - 1.2935 (blue thin line). Upon reaching this level, you can move up.

Indicator analysis. Daily review for November 12, 2018 for the GBP/USD pair

Rice. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger bands - down;

- weekly chart - down.

General conclusion:

On Monday, the price will move downwards, with the first target – a pullback level of 50.0% - 1.2935 (blue dotted line). Upon reaching this level, you can move up.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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