Indicator analysis. Daily review of the GBP/USD pair on November 8, 2018

On Wednesday, the price moved up and a strong news is scheduled at 18.00 London time. On Thursday, the price will most likely be on the side channel before the news.

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Trend analysis (Fig. 1).

On Thursday, the price will move up with the first target of 1.3358 on the upper fractal, but before the news, there is a high probability of working in the side channel.

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis – down;

– trend analysis – up;

– Bollinger lines – up;

– weekly schedule – up.

General conclusion:

On Thursday, the price will move up with the first target of 1.3358 on the upper fractal, but before the news, there is a high probability of working in the side channel.

The material has been provided by InstaForex Company – www.instaforex.com