FX.co ★ Indicator analysis. Daily review on October 8, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move down with the first target 1.2270 - a pullback level of 50.0% (red dashed line). In case of breaking through this level, the continuation of the downward movement to the lower fractal is 1.2227.

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Tuesday, the price may continue to move down.

The first lower target is a pullback level of 50.0% - 1.2270 (red dashed line).

The second lower target is 1.2337 - lower fractal.

An unlikely scenario is an upward trend with the target of 1.2357 (upper fractal).