FX.co ★ Indicator analysis. Daily review on the GBP/USD currency pair for January 2, 2020.

Trend analysis (Fig. 1).

On Thursday, the price may roll back down to the goal of 1.3139, with a retracement level of 38.2% (red dotted line). If this line is reached, an upwards movement to the goal of 1.3285 will continue – upper fractal (red dotted 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 Thursday, the price may roll back down.

An unlikely scenario: an upwards movement to 1.3196 (red dotted line), with a retracement level of 23.6%; a retracement level of 61.8% (red dotted line) to the goal of 1.3282.