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17.09.2019 08:03 AM
Indicator analysis. Daily review on September 17, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move down to a pullback level of 23.6% - 1.2377 (blue dotted line). If this level is broken, the continuation of the downward movement to the pullback level of 38.2% - 1.2297 (blue dashed line) is possible.

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Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Tuesday, the price may continue to move down.

An unlikely scenario is to work up with the target at 1.2507 (upper fractal).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
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