FX.co ★ Indicator analysis. The daily review of the currency pair GBP / USD for May 17, 2018.

Trend analysis (Figure 1).

On Wednesday, the price worked bottom in the side channel. On Thursday, the market may start moving up, with the first target of 1.3584, a retracement level of 14.6% (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;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion:

On Thursday, on the GBP / USD pair, the upward movement with the first target of 1.3584 is the pullback level of 14.6% (yellow dotted line).