FX.co ★ Indicator analysis: Daily review on December 11, 2019, on GBP/USD currency pair

Trend analysis (Fig. 1).

On Wednesday, the price may begin to move down with the first target at 1.3047 a pullback level of 38.2% presented in a blue dashed line. The next lower target 1.2996 is a pullback level of 50.0% presented in a blue dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Wednesday, the price may begin to move down with the first target at 1.3047 a pullback level of 38.2% presented in a blue dashed line. The next lower target 1.2996 is a pullback level of 50.0% presented in a blue dashed line.

The first scenario is unlikely, therefore, from level 1.3110 work up with the first target 1.3215 this is the upper fractal in a blue dashed line.