Weekly review for the GBP/USD pair from April 22 to April 27, 2019

Trend analysis (Fig. 1).

In the coming week, the price will move down with the first target of 1.2908 – a pullback level of 50.0% (blue dotted line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis is neutral;

- Trend analysis - down;

- Bollinger lines - down;

- Monthly schedule - up.

The conclusion from the complex analysis is the downward movement.

The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price for the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).

In the coming week, the price will move down with the first target of 1.2908 – a pullback level of 50.0% (blue dotted line).

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

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