FX.co ★ Indicator analysis. Daily review for the GBP/USD currency pair on June 5, 2019

Trend analysis (Fig. 2).

On Wednesday, we are waiting for a downward movement with the first target of 1.2661 – a pullback level of 38.2% (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.

Fig. 2 (daily chart).

Comprehensive analysis:

- Indicator analysis – up;

- Fibonacci levels – down;

- Volumes – down;

- Candlestick analysis – down;

- Trend analysis – up;

- Bollinger bands – down;

- Weekly schedule - up.

General conclusion:

On Wednesday, we are waiting for a downward movement with the first target of 1.2661 – a pullback level of 38.2% (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.