FX.co ★ Indicator analysis. Daily review on October 18, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Friday, the price will move down, with the first target of 1.2803 - a pullback level of 23.6% (red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Friday, the price may begin to pull back down to the first lower target 1.2803, which is a pull back level of 23.6% (red dashed line).

An unlikely scenario is an upward movement with a target of 1.2990 - an upper fractal (red dashed line).