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07.06.201909:43 Forex Analysis & Reviews: Indicator analysis. Daily review for June 7, 2019 for the GBP / USD currency pair

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trend analysis (Fig. 1).

On Friday, we are waiting for the continuation of the upward movement with the first target of 1.2744 - the upper fractal. Much will depend on the news that comes out at 12.30 Universal time.

Exchange Rates 07.06.2019 analysis

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

On Friday, we are waiting for the continuation of the upward movement with the first target of 1.2744 - the upper fractal. Much will depend on the news that comes out at 12.30 Universal time.

Stefan Doll
Analytical expert of InstaForex
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