FX.co ★ Indicator analysis. Review for GBP/USD on March 11, 2020

Trend analysis (fig. 1).

On Wednesday, the price is expected to rise with the target of 1.2968, which is the retracement level of 50% (the red dashed line), from the support level of 1.2902 (the white bold line).

Fig. 1 (daily chart).

Complex analysis:

- indicator analysis – up

- Fibonacci levels – up

- volumes – up

- candlestick analysis – up

- trend analysis – up

- Bollinger lines – up

- weekly chart - up

General conclusion:

The price is expected to continue rising during the day.

Unlikely scenario: the price can fall with the target of 1.2839, which is the retracement level of 76.4% (the blue dashed line), from the support level of 1.2902 (the white bold line).