FX.co ★ Indicator analysis. Daily review on November 18, 2019, on the GBP / USD currency pair.

Trend analysis (Fig. 1).

On Monday, the price, moving up, will test the resistance line 1.2921 (yellow thin line) and after that, it will go down with the first target 1.2868 - retracement level of 38.2% (red dashed line). If this level is reached, the continuation of work down, with a lower target of 1.2831, is a retracement level of 61.8% (red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger Lines - up;

- Weekly schedule - down.

General conclusion:

On Monday, the price may begin to move down.

On Monday, the price, moving up, will test the resistance line 1.2921 (yellow thin line) and after that, it will go down with the first target 1.2868 - retracement level of 38.2% (red dashed line). If this level is reached, the continuation of work down, with a lower target of 1.2831, is a retracement level of 61.8% (red dashed line).

An unlikely scenario is the breaking of the resistance line and the price going up with the target 1.3013 - the upper fractal (blue dashed line).