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19.09.2019 08:10 AM
Indicator analysis. Daily review on September 19, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Thursday, the price can continue to move up with the target of 1.2502 - a pullback level of 38.2% (red dashed line) and in case of breaking further up to the upper fractal - 1.2527 (blue dashed line).

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Thursday, the price may begin to move up.

An unlikely scenario is a downward movement, with the first target of 1.2393 - a lower fractal.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
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