07.11.201909:05 Forex Analysis & Reviews: Indicator analysis. Daily review on November 7, 2019, on the GBP / USD currency pair.

Long-term review

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Trend analysis (Fig. 1).

On Thursday, the price will move up, with the target at 1.2976 - the upper fractal, or a downward movement with the target at 1.2792 - 21 average EMA. The direction of movement will depend on the news.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Thursday, the price, according to the technique, can continue to move up.

The price will move up with the target at 1.2976 - the upper fractal, or a downward movement with the target at 1.2792 - 21 average EMA. The direction of movement will depend on the news.

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