FX.co ★ Indicator analysis. Daily review on GBP / USD for July 9, 2020

Trend analysis (Fig. 1).

Today, the upward trend may continue from the level of 1.2611 (closing of yesterday's candle) with a target of 1.2681 - a 76.4% pullback level (blue dotted line). In case of breaking this level, the next target will be 1.2731 - an 85.4% pullback level (blue 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 upward with a target of 1.2681 - a 76.4% pullback level (blue dotted line). In case of breaking this level, the next target is 1.2731 - an 85.4% pullback level (blue dashed line).

Another possible scenario is a downward trend from 1.2681 - a 76.4% pullback level (red dashed line) with a target of 1.2617 - a 14.6% pullback level (red dashed line).