FX.co ★ Indicator analysis. Monthly review of the pair GBP / USD for February 2019

Trend analysis (Fig. 1).

In February, it is possible that the bulls will again try to move up with the first target of 1.3404 - 50.0%, a sliding level (yellow dotted line).

Fig. 2 (monthly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

The conclusion of the complex analysis - possible top.

The total result of calculating the candle of the GBP / USD currency pair on a monthly schedule: the price is likely to have an upward trend with the absence of the first lower shadow (the first week of the month is white) for the monthly white candle and the absence of the second upper shadow (the last week is white) The first upper target of 1.3404 is the 50.0% rollback level (yellow dotted line).