FX.co ★ Indicator analysis: Daily review on GBP / USD for January 10, 2020

Trend analysis (Fig. 1).

The price from the support line may begin to move up today with the target of 1.3117, the pullback level of 38.2% presented in a red dashed line. If this line is reached, continue to work up with the target of 1.3149, the pullback level of 50.0% presented in a red dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - the top;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

The price may begin to move up today.

An unlikely scenario is from the level 1.3049, the support line presented in a white bold line, work down with the target of 1.3013, the lower fractal presented in a red dashed line.