FX.co ★ Indicator analysis. Daily review on October 17, 2019 for the GBP / USD currency pair.

Trend analysis (Fig. 1).

On Thursday, the price will move down, with the target at 1.2717 - a pullback level of 23.6% (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Thursday, the price may begin to move down.

The first lower target of 1.2717 is a pullback level of 23.6% (red dashed line).

An unlikely scenario is an upward movement to a pullback level of 50.0% - 1.3169 (yellow dashed line).