FX.co ★ Indicator analysis. Daily review of GBP/USD on March 19, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.1585 (closing of yesterday's candle), an upward work is possible by testing the retracement level of 14.6% - 1.1704 (red dashed line). Upon reaching this line, the continuation of the upward movement is with the target of 1.1862, a retracement level of 23.6% (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:

Today a an upward rollback is possible.

Unlikely scenario: from the level of 1.1585 (closing of yesterday's candle) work down with the target of 1.0996, the target level of 161.8% (blue dotted line).