FX.co ★ Weekly review for the GBP / USD currency pair from December 24 to 29, 2018

Trend analysis (Fig. 1).

This week, the price will move down with the first goal of 1.2490, the support line (red bold line).

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Monthly schedule - down.

Conclusion on a comprehensive analysis - the downward movement.

The total result of the calculation of the GBP / USD currency pair candle is on a weekly schedule: the price of the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle (Monday - up) and the second lower shadow (Friday - up).

This week, the price will move down with the first goal, the support line of 1.2490 (red bold line).