Indicator analysis. Daily review on GBP / USD for August 4, 2020

Trend analysis (Fig. 1). The market may begin to move downward from the level of 1.3077 (closing of yesterday’s daily candle) with the target of 1.3037 – a 14.6% pullback level (red dotted line). From this level, the downward trend may continue with the next target of 1.2953 – a 23.6% pullback level (red dotted […]