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

Trend analysis (Fig. 1).

On Monday, it can continue to move up with the first target 1.3166 which is a pullback level of 50.0% presented in a yellow dashed line. The next upper target is 1.3300 which is the resistance line presented in a black bold line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion: upward movement.

On Monday, it can continue to move up with the first target of 1.3166 which is a pullback level of 50.0% presented in a yellow dashed line. The next upper target is 1.3300 which is the resistance line presented in a black bold line.

An unlikely lower scenario is to take place, that is, from the level of 1.3166, work down with the target of 1.3114 which is the rollback level of 14.6% presented in a blue dotted line.