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Forex Analysis & Reviews: Indicator analysis. Daily review on September 27, 2019 for the GBP / USD currency pair
time 27.09.2019 08:51 AM
time Relevance up to, 01.01.1970 03:00 AM

Trend analysis (Fig. 1).

On Friday, the price will move up with the first target 1.2344 - a pullback level of 14.6% (red dashed line). The price, in case of breaking through, can continue to move up with the target of 1.2370 - a pullback level of 23.6% (red dashed line).

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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 Friday, the price will continue to move up.

An unlikely scenario is a downward movement, with the first target at 1.2271 - a pullback level of 50% (blue dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2022
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