On Monday, the following is strong calendar news:
- 8.30 London time. BP, the index of business activity in the construction sector (May). The expected value is 52.0 compared to the previous value of 52.5.
Trend analysis (Figure 1).
On Friday, the price continued to move up. On Monday, the price will most likely continue to move upwards with the first target of 1.3374 and a pullback level of 14.6% (yellow dotted line). A complex analysis will more accurately determine where the price will go next.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Monday, the GBP / USD pair will move up towards the first goal at 1.3374 with the recession level of 14.6% (yellow dotted line).