FX.co ★ Indicator analysis: Daily review on GBP / USD on January 6, 2020

Trend analysis (Fig. 1).

On Monday, the price may continue to move down with the target of 1.3010, this is the support line presented in a white thick line. If this line is reached, there is an upward movement with the target of 1.3169, this is the pullback level of 50.0% presented in a yellow 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 Monday, the price may continue to move down.

An unlikely scenario is possible, where, from the support line in white thick line, work down, with the target of 1.2995 a retracement level of 76.4% presented in a red dashed line.