Indicator analysis. Daily review on GBP / USD for May 7, 2020

Trend analysis (Fig. 1). Today, an upward pullback is possible from the level of 1.2436 (closing of yesterday’s candle) with a target at 1.2447 – a 50% pullback level (presented in a red dotted line). If this level is reached, the upward movement is likely to continue with a target at 1.2495 – a 61.8% […]