06.09.201909:55 Forex Analysis & Reviews: Indicator analysis. Daily review on September 6, 2019 for the GBP / USD currency pair

Long-term review

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Trend analysis (Fig. 1).

On Friday, the price, after testing the resistance line, may begin to move down with the target of a pullback level of 14.6% - 1.2296 (blue dashed line) and in case of breaking further down to a pullback level of 23.6% - 1.2261 (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger Lines - up;

- weekly schedule - down.

General conclusion:

An unlikely scenario is an upward movement, with the first target of 1.2387 - the upper boundary of the Bollinger Line indicator (black dashed line).

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