Indicator analysis. Daily review on the GBP/USD currency pair for November 13, 2020

Trend analysis (Fig. 1).

Today, the market will try to start moving upward from the level of 1.3113 (closing of yesterday's daily candlestick) with the goal of 1.3154 - the historical resistance level (blue dotted line). When this level is reached, the price can continue to move down with a target of 1.3066 - a pullback level of 38.2% (red dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - down;Bollinger bands - down;Weekly chart - down.

General conclusion:

Today, the price from the level of 1.3113 (closing of yesterday's daily candlestick) will try to start moving upward with the goal of 1.3154 - the historical resistance level (blue dotted line). When this level is reached, the price can continue to move down with a target of 1.3066 - a pullback level of 38.2% (red dotted line).

Unlikely scenario: from the level of 1.3154 - the historical resistance level (blue dotted line), the price may continue to move up with the goal of 1.3183 - a pullback level of 38.2% (blue dotted line).