15.10.201908:36 Forex Analysis & Reviews: Indicator analysis. Daily review on October 15, 2019 for the GBP / USD currency pair

Long-term review

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Trend analysis (Fig. 1).

On Tuesday, the price may continue to move up with the first target 1.2664 - the resistance line (blue bold line). In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.2707 (red dotted line) will be possible.

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Tuesday, the price may continue to move up.

The first upper target of 1.2664 is the resistance line (blue bold line).

The second upper target of 1.2707 is the upper fractal (red dashed line).

An unlikely scenario is a downward trend with the target of 1.2516 (lower fractal).

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