Indicator analysis. Daily review on GBP / USD for August 18, 2020

Trend analysis (Fig. 1). The market may continue to move upward from the level of 1.3105 (closing of yesterday’s daily candle) with the target at the historical resistance level of 1.3350 (blue dotted line). From this level, a downward pullback is possible. Figure: 1 (daily chart). Comprehensive analysis: – Indicator analysis – up; – Fibonacci […]