FX.co ★ Indicator analysis: Daily review on GBP / USD on January 3, 2020

Trend analysis (Fig. 1).

On Friday, the price may continue to move down with the target at 1.3095, a pullback level of 50.0% presented in a red dashed line. If this line is reached, the continuation of work down with the target of 1.3050 is a retracement level of 61.8% presented in a red dashed 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 Friday, the price may continue to move down.

The scenario where from a pullback level of 50.0% which is equivalent to 1.3095 presented in a red dashed line, to work up with a target of 1.3169, a pullback level of 50.0% presented in a yellow dashed line is unlikely.