FX.co ★ Indicator analysis. Daily review on GBP/USD for April 14, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.2511 (closing of yesterday's candle) the pair may break through the pullback level 61.8% - 1.2518 (red dashed line). If this attempt becomes successful, the upward movement wi likely to continue with the target of 1.2779 - the pullback level 76.4% (red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, the price may continue its upward movement with the target at 1.2779 - a retracement level of 76.4% (red dashed line).

Unlikely scenario: from a retracement level of 61.8% - 1.2518 (red dashed line), work down, with a target of 1.2372 - a retracement level of 14.6% (blue dashed line).