FX.co ★ Technical analysis of GBP/USD pair for the week from July 1 to July 6, 2019

Trend analysis

This week, the price will move up with the first target of 1.2782 on the upper fractal.

Fig. 1 (weekly schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- Bollinger lines - up;

- monthly schedule - up.

Conclusion of the complex analysis - upward movement.

The total result of the calculation of the GBP/USD candle on the weekly chart: the price is more likely to have an upward trend for weeks with the presence of the first lower shadow of the weekly white candle (Monday -down) and the absence of the second upper shadow (Friday -up).