Weekly review of the GBP/USD pair from April 1 to 6, 2019

Trend analysis (Fig. 1).

In the coming week, the price will move up with the first target 1.3177 – a pullback level of 38.2% (yellow dotted line).

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Monthly schedule - up.

Conclusion of the complex analysis - upward movement.

The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price in the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the absence of the second upper shadow (Friday – up).

In the coming week, the price will move up with the first target 1.3177 – a pullback level of 38.2% (yellow dotted line).

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