Indicator analysis. Daily review on GBP / USD for May 13, 2020

Trend analysis (Fig. 1). Today, an upward trend is possible from the level of 1.2260 (closing of yesterday’s candle) with the target at 1.2399 – a 38.2% retracement level (presented in a red dotted line). If this level is reached, the upward trend is likely to continue with the next target at 1.2447 – a […]