FX.co ★ Indicator analysis. Daily review of GBP/USD on March 30, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.2457 (closing of the Friday afternoon candle) the pair may begin to move down with the first target at 1.2258 - a pullback level of 23.6% (blue dashed line). Upon reaching this line, the possible continuation of work down is towards the target 1.2096, a retracement level of 38.2% (blue dotted line). From this level, an upward movement is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, a downward rollback is possible.

Unlikely scenario: from a retracement level of 23.6% - 1.2258 (blue dashed line) work up with a target of 1.2518, a retracement level of 61.8% (red dashed line).