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Indicator analysis. Daily review on October 31, 2019, on the GBP / USD currency pair

Trend analysis (Fig. 1).

On Thursday, the price will move up with the target 1.3013 - the upper fractal (blue dashed line).

analytics5dba62cfc0f4a.png

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Thursday, the price may continue to move up.

The first upper target 1.3013 is the upper fractal (blue dashed line).

An unlikely scenario is a downward movement to a pullback level of 23.6% - 1.2764 (blue dashed line).

The material has been provided by InstaForex Company - www.instaforex.com
via Indicator analysis. Daily review on October 31, 2019, on the GBP / USD currency pair
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