12.12.201911:14 Forex Analysis & Reviews: Indicator analysis: Daily review on December 12, 2019, on GBP/USD currency pair

Long-term review

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Trend analysis (Fig. 1).

On Thursday, the price will continue to move up with the target at 1.3292 which is the resistance line presented in a black bold line and only after that the pair can start moving down with the first target at 1.3216 with the pullback level of 14.6% presented in a blue dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Thursday, the price will continue to move up with the target at 1.3292 which is the resistance line in a black bold line and only after that the pair can start moving down with the first target at 1.3216 with the pullback level of 14.6% presented in a blue dashed line.

The later is unlikely but is still possible. So, from the level of 1.3229, work down with the first target 1.3110 which is the lower fractal.

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