FX.co ★ Indicator analysis: Daily review on GBP / USD for December 27

Trend analysis (Fig. 1).

On Friday, the price can continue the pullback upward movement with the target of 1.3050, a pullback level of 23.6% presented in a blue dashed line. If this line is reached, continue to work upward with the next target 1.3139 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:

Today, the price may continue to move up.

Another scenario is unlikely, but a different scenario is possible where from a retracement level of 14.6% which is equivalent to 1.2995 presented in a blue dashed line, work down, with a target of 1.2905 the lower fractal presented in a blue dashed line.