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12.07.2019 09:10 AM
Indicator analysis. Daily review of July 12, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Friday, the price will continue to move up with the first goal of 1.2572 - the upper fractal. Upon reaching this, the continuation of the upward movement with the following goal is possible - a pullback level of 50.0% 1.2612 (blue dotted line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

On Friday, the price will continue to move up with the first goal of 1.2572 - the upper fractal. Upon reaching this, the continuation of the upward movement with the following goal is possible - a pullback level of 50.0% 1.2612 (blue dotted line).

Stefan Doll,
Analytical expert of InstaForex
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