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19.04.2018 05:20 AM
Indicator analysis. Daily review for GBP / USD pair on April 18, 2018

On Tuesday these are the following strong calendar news:

- 8.30 London time. GBP, consumer price index (CPI) (y / y) (Mar), The expected value is 2.7%, compared to the previous value of 2.7%;

- 14.30 London time. USD, crude oil reserves, are waiting for -1.429M, the previous value is 3.306M.

Trend analysis (Figure 1).

On Tuesday, the price worked down because of the news. On Wednesday, there is a high probability to continue its uptrend in the market. A complex analysis will more accurately determine where the price will go next.

This image is no longer relevant

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - upwards;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion:

On Wednesday, the GBP / USD pair will move down with the first target of 1.4191.

Stefan Doll,
Analytical expert of InstaForex
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