Weekly review for the currency pair GBP / USD from February 11 to February 16, 2019

Trend analysis (Fig. 1).

This week, the price will move down with the first target of 1.2437, the lower fractal.

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Fig. 2 (weekly schedule).

Comprehensive analysis:

– Indicator analysis – down;

– Fibonacci levels – neutral;

– Volumes – up;

– Candlestick analysis is neutral;

– Trend analysis – down;

– Bollinger lines – down;

– Monthly schedule – up.

The conclusion on a comprehensive analysis – the downward movement.

The total sum of the calculation of the GBP / USD currency pair candle on the weekly schedule: the price of the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).

This week, the price will move down with the first target of 1.2437, the lower fractal.

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