FX.co ★ Indicator analysis. Daily review on GBP / USD for June 3, 2020

Trend analysis (Fig. 1).

Today, the upward trend may continue from the level of 1.2552 (closing of yesterday's candle) with the target at the resistance line 1.2626 (presented in a red bold line). If this line is reached, a downward pullback is possible with the target of 1.2547 - a 14.6% pullback level (presented in a 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 to move upwards with the target at the resistance line 1.2626 (presented in a red bold line). If this line is reached, a downward pullback is possible with the target of 1.2547 - a 14.6% retracement level (presented in a red dashed line).