FX.co ★ Indicator analysis. Daily review on GBP / USD for June 11, 2020

Trend analysis (Fig. 1).

Today, a downward pullback is possible from the level of 1.2748 (closing of yesterday's candle) with the target of 1.2640 - a 23.6% retracement level (red dotted line). In case of breaking this level downward, the downward movement will continue with the next target of 1.2532 - a 38.2% retracement level (red 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 begin to move downward with the target of 1.2640 - a 23.6% retracement level (red dotted line). In case of breaking this level downward, the downward movement will continue with the next target of 1.2532 - a 38.2% retracement level (red dashed line).

Another possible scenario is an upward trend after working down to 1.2640 - a 23.6% pullback level (red dashed line) with the target at the upper fractal 1.2813 (red dashed line).