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FX.co ★ Weekly review for the currency pair GBP / USD from January 21 to 26, 2018

Weekly review for the currency pair GBP / USD from January 21 to 26, 2018

Trend analysis (Fig. 1).

This week, the price will move down with the first target of 1.2668, the lower fractal.

 Weekly review for the currency pair GBP / USD from January 21 to 26, 2018

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

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- Monthly schedule - up.

The conclusion on a comprehensive analysis - a downward movement.

The total sum of the calculation of the GBP / USD currency pair candle on the weekly schedule: the price of the week is likely to have a downward trend with the absence of the first upper shadow from the weekly black candle (Monday - down) and the second lower shadow (Friday - up).

This week, the price will move down with the first target of 1.2668, the lower fractal.

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