FX.co ★ Indicator analysis. Daily review on October 14, 2019 for the GBP / USD currency pair

Trend analysis (Fig. 1).

On Monday, the price will move down, with the first target at 1.2586 - a pullback level of 23.6% (red dashed line). If this level is reached, there will be a continuation of the lower movement to the pullback level of 38.2% - 1.2512 (red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - up;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Monday, the price may begin to roll back down.

The first intermediate lower target at 1.2586 is a pullback level of 23.6% (red dashed line).

In case of reaching the intermediate target, the continuation of the lower movement to the pullback level of 38.2% - 1.2512 (red dotted line) is possible.

An unlikely scenario is an upward movement with the target upper fractal - 1.2707 (red dashed line).