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14.11.2018 01:55 PM
Indicator analysis. Daily review for GBP / USD pair on November 14, 2018

On Tuesday, the price moves up, testing the rolling level of 61.8% at 1.3042 (blue dashed line). On Wednesday, a strong calendar news is expected at 8.30 and 12.30 London time. There will most likely be a downward lateral movement.

Trend analysis (Fig. 1).

On Wednesday, the price will move downwards with the first goal at the rolling level of 50.0% at 1.2938 (blue thin line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- weekly chart - down.

General conclusion:

On Wednesday, the price will move downwards with the first goal at the rolling level of 50.0% at 1.2938 (blue thin line).

Stefan Doll,
Analytical expert of InstaForex
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