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FX.co ★ Indicator analysis. Daily review on September 12, 2019 for the GBP / USD currency pair

Indicator analysis. Daily review on September 12, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Thursday, the price can start moving downwards with the target of a pullback level of 23.6% - 1.2285 (blue dotted line) and in the case of a breaking further down to a pullback level of 38.2% - 1.223 (blue dotted line).

Indicator analysis. Daily review on September 12, 2019 for the GBP / USD currency pair

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 Thursday, the price may begin to move down.

An unlikely scenario is an upward movement, with the first target of 1.2385 - an upper 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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