FX.co ★ Indicator analysis. Daily review of GBP/USD on February 27, 2020

Trend analysis (Fig. 1).

Today, from the support level of 1.2903 (white bold line), an upward movement is possible with the first target of 1.2944, the retracement level of 38.2% (blue dashed line). If this level is reached, a continuation of work upwards with the target of 1.2958, the pullback level of 50.0% (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - neutral;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

Today, the price may start to move up.

An unlikely scenario is from a pullback level of 38.2% equivalent to 1.2944 (blue dotted line), work down with the target at the support level of 1.2903 (white bold line).