FX.co ★ Indicator analysis. Daily review of GBP/USD on March 13, 2020

Trend analysis (Fig. 1).

Today, it is possible to move up to test the retracement level of 14.6% equivalent to 1.2640 (blue dashed line). If this level is reached, the continuation of the upward movemnet is with the target of 1.2733, a retracement level of 23.6% (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price can roll back up.

An unlikely scenario: from the level of 1.2580 (closing of yesterday's candle) work down with the target at the lower fractal 1.2491 (red dashed line).