FX.co ★ Indicator analysis. Daily review on September 9, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Monday, the price may continue to move down with the target of a pullback level of 23.6% - 1.2261 (blue dashed line) and in case of breaking further down, to a pullback level of 38.2% - 1.2203 (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger Lines - up;

- weekly schedule - down.

General conclusion:

On Monday, a downward movement is expected.

An unlikely scenario is an upward movement with the first target of 1.2341 - resistance line (red bold line).