FX.co ★ Indicator analysis. The daily review of the currency pair GBP / USD for May 15, 2018

On Tuesday, the following strong calendar news comes out:

- 09.30 London time. GBP, average wage level including premiums (mar), waiting for 2.7%, the previous value was 2.8%;

- 09.30 London time. GBP, change in the number of applications for unemployment benefits (Apr), waiting for 7.8K, the previous value was 11.6K;

- 10.00 London time. GBP, hearings on the inflation report;

- 13.30 London time. USD, the base index of retail sales (m / m) (Apr), waiting for 0.5%, the previous value was 0. 2%;

- 13.30 London time. USD, the volume of retail sales (m / m) (Apr), waiting for 0.4%, the previous value was 0. 6%.

Trend analysis (Figure 1).

On Monday, the price worked in the side channel. On Tuesday, the market with a high probability can continue to move up, with the first target of 1.3675, a recoil level of 23.6% (yellow dotted line). The complex analysis will more accurately tell where the price will go.

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - upwards;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

On Tuesday, the GBP / USD currency pair will have an upward movement with the first target of 1.3675, the recoil level of 23.6% (yellow dotted line).