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

Trend analysis (Fig. 1).

Today, the downward trend may continue from the level of 1.2540 (closing of the Friday afternoon candle) with the target at the support line 1.2403 (red bold line). If this line is reached, an upward pullback is possible with the target of 1.2518 - a 61.8% pullback level (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price may move downward with the target at the support line 1.2403 (red bold line). If this line is reached, an upward pullback is possible with the target of 1.2518 - a 61.8% pullback level (blue dashed line).

An unlikely scenario: when moving down, after reaching the level of 1.2403 - the support line (red bold line), continued movement down to the rollback level of 61.8% (red dashed line).