Indicator analysis. Daily review on GBP / USD for July 16, 2020

Trend analysis (Fig. 1). Today, the market may roll back down from the level of 1.2585 (closing of yesterday’s candle) with the target of 1.2511 – a 38.2% pullback level (red dotted line). In case of breaking this level downward, the next target will be 1.2461 – a 50.0% pullback level (red dashed line). Fig. […]