FX.co ★ Indicator analysis. Daily review on GBP/USD for April 15, 2020

Trend analysis (Fig. 1).

Today, the pair may trade downward from the level of 1.2625 (closing of yesterday's candle) towards the support line 1.2561 (presented in a red bold line). After reaching this line, the price will continue to move up with the target at 1.2780, a 76.4% retracement level (presented in a red dashed line). If this happens, the upward movement will continue with the target at 1.3080 resistance line (presented in a black bold 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 will continue to trade upward with the target at 1.2780, a 76.4% retracement level (presented in a red dashed line).

An unlikely scenario is a bearish move from the support line 1.2561 (red bold line), with the target of 1.2473, a 14.6% retracement level (presented in a blue dashed line).