FX.co ★ Indicator analysis: Daily review on GBP / USD on December 23, 2019

Trend analysis (Fig. 1).

On Monday, the price can make a pullback move up with the first target of 1.3105 which is a pullback level of 23.6% presented in a blue dashed line. If this line is reached, there is a continuation of work upward with the next target of 1.3184 which is a retracement level of 38.2% 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 - down;

- Weekly schedule - up.

General conclusion:

On Monday, the price may roll back up.

It is unlikely, but another scenario is possible, where, from the support line of 1.2979 presented in a red bold line, work down, with the target of 1.2920 which is a pullback level of 38.2% presented in a red dashed line.