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

Trend analysis (Fig. 1). Today, an upward trend is possible from the level of 1.2483 (closing of yesterday’s candle) with the target at 1.2598 – a 61.8% retracement level (blue dashed line). If this level is reached, the upward trend may continue with the target at the resistance level 1.2640 (red bold line). Fig. 1 […]