Trend analysis.

The price from the level of 1.2931 (closing of the last weekly candle) is expected to decline this week in order to reach the support line - 1.2764 (white thin line). If this line is tested, further upward movement is possible with the goal of 1.2982 - the pullback level of 38.2% (blue dotted line).

Figure: 1 (weekly chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- monthly chart - up.

A downward movement can be concluded based on a comprehensive analysis.

The general result of calculating the candlestick of the GBP/USD pair according to the weekly chart: this week, the price is likely to have a downward trend without the first upper shadow of the weekly black candlestick (Monday - down) and with the second lower shadow (Friday - down).

The first downside target is the support line at 1.2764 (blue dashed line). If this line is tested, it is likely to further increase with the goal of 1.2982 - the pullback level of 38.2% (blue dotted line).

An unlikely scenario: from the level of 1.2931 (closing of the last weekly candle), a downward movement in order to reach the support line - 1.2764 (white thin line) is unlikely.