Daily review on Indicator analysis for GBP / USD pair on April 22, 2019

Trend analysis (Fig. 1).

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On Monday, the technical analysis gives a downward movement. The first lower target is 1.2979 on a lower fractal and then a rollback at 50.0% level (blue dashed line).

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Monday, the technical analysis gives a downward movement. The first lower target is 1.2979 on a lower fractal and then a rollback at 50.0% level (blue dashed line).

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

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