Indicator analysis: Daily review on December 3, 2019, on GBP/USD currency pair

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move up with the first target 1.2976, the resistance line of the side channel presented in a red bold line. In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.3013 presented in a blue dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

– Indicator analysis – up;

– Fibonacci levels – up;

– Volumes – up;

– Candlestick analysis – up;

– Trend analysis – up;

– Bollinger Lines – up;

– Weekly schedule – up.

General conclusion:

On Tuesday, the price may continue to move up with the first target 1.2976, the resistance line of the side channel in a red bold line. In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.3013, presented in a blue dashed line.

Possible scenario: from the level of 1.2976, work down with the first target of 1.2823 that is the lower fractal.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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