26.11.201909:36 Forex Analysis & Reviews: Indicator Analysis: Daily review on November 26, 2019, on 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 of 1.2976, the resistance line of the side channel (red bold line). In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.3013 (blue dashed line).

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:

An unlikely scenario: immediately working down with the first target of 1.2823 - the lower fractal.

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