FX.co ★ Indicator analysis: Daily review on GBP/USD for January 15, 2020

Trend analysis (Fig. 1).

The price may continue to move up today with the target of 1.3080, the retracement level of 38.2% presented in a red dashed line. If this line is reached, a continuation of work up with the target of 1.3159, the retracement level of 61.8% presented in a red dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

The price may continue to move up today.

A downward scenario is unlikely but quite possible. From the level of 1.3033, the retracement level of 23.6% presented in a red dashed line, work down with the target of 1.2954, the lower fractal in a red dashed line.