On Wednesday, the following strong calendar news comes out:

- 14.00 London time, USD, crude oil reserves; The expected value is -2.043M compared to the previous value of -1.071M.

Trend analysis (Figure 1)

On Tuesday, the price worked out the top. On Wednesday, there is a high probability for the market to stop the downward movement (touching the lower boundary of the indicator of the Bollinger line 1.3884). A complex analysis will more accurately determine where the price will go next.

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion:

On Wednesday, the GBP / USD pair will have a downward movement with the first target 1.3918 as the bottom fractal.