FX.co ★ Indicator analysis. Daily review on July 16, 2019 for the GBP / USD currency pair

On Monday, the pair did not manage to overcome the rolling level of 38.2% - 1.2572 (blue dashed line) and went down. On Tuesday, the pair will try to continue moving down. Strong calendar news is expected at 8:30 UTC+00 (pound), 12:00 UTC+00 (pound), 12:30 UTC+00, 17:00 UTC+00 (dollar).

Trend analysis (Fig. 1).

On Tuesday, the price will continue to move down, with the first goal of 1.2440 - the lower fractal.

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Tuesday, the price will continue to move down with the first goal of 1.2440 - the lower fractal.