FX.co ★ Indicator analysis: Daily review on GBP / USD on January 7, 2020

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move up with the target of 1.3197, the retracement level of 61.8% presented in a red dashed line. If this line is reached, a continuation of work up with the target of 1.3230, the retracement level of 76.4% presented in a red dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, the price may continue to move up.

An unlikely scenario is possible, where, from the level of 1.3169, which is yesterday's close of the daily candle, work down with the target of 1.3114, the 13 average EMA presented in a yellow thin line.