Indicator analysis: Daily review for GBP / USD pair on March 5, 2019

Trend analysis (Fig. 1).

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On Tuesday, the price will move down with the first lower target of 1.3135, which is the recoil level of 23.6% (blue dotted line).

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

On Tuesday, the price will move down with the first lower target of 1.3135, which is the recoil level of 23.6% (blue dotted line).

The material has been provided by InstaForex Company - www.instaforex.com

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