FX.co ★ Indicator analysis. Daily review on GBP / USD for August 25, 2020

Trend analysis (Fig. 1).

The market may continue to move upward from the level of 1.3064 (closing of yesterday's daily candle) with the target of 1.3160 - a 161.8% price level (blue dotted line). If this level is reached, the upward trend may continue with the next target at the upper fractal 1.3267 (red dotted line).

Figure: 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today, the price may continue to move upward from the level of 1.3064 (closing of yesterday's daily candle) with the target of 1.3160 - a 161.8% price level (blue dashed line). If this level is reached, the upward trend may continue with the next target at the upper fractal 1.3267 (red dotted line).

Another possible scenario is an upward trend from the level of 1.3064 (closing of yesterday's daily candle) with the target of 1.3118 - a 14.6% pullback level (red dotted line). In case of testing this level, the price may begin to move downward with the target at the support level of 1.2987 (black bold line).