FX.co ★ Indicator analysis. Daily review on August 30, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Friday, the price may continue to move down with the target of 1.2156 - the lower fractal. In case of breaking further down, it is possible to move to the pullback level of 61.8% - 1.2127 (blue dotted line)

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion:

On Thursday, the price may continue to move down.

An unlikely scenario is an upward movement from the lower fractal 1.2156.