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FX.co ★ Indicator Analysis: Daily Review on November 25, 2019, on the GBP / USD Currency Pair

Indicator Analysis: Daily Review on November 25, 2019, on the GBP / USD Currency Pair

Trend analysis (Fig. 1).

On Monday, the price, moving up, will test the retracement level of 38.2% - 1.2883 (yellow dashed line). After reaching this level, working down with a lower target of 1.2823 is a lower fractal.

 Indicator Analysis: Daily Review on November 25, 2019, on the GBP / USD Currency Pair

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - down;

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- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

On Monday, the price may start a pullback on upward movement.

The price, moving up, will test the retracement level of 38.2% - 1.2883 (yellow dashed line). If this level is reached, working down with a lower target of 1.2823 is a lower fractal.

An unlikely scenario is to immediately go down with the target at 1.2764 - the lower fractal (blue dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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