Indicator analysis. Daily review on GBP / USD for July 8, 2020

Trend analysis (Fig. 1). Today, the upward trend is likely to continue from the level of 1.2544 (closing of yesterday’s candle) with a target at 1.2598 – a 61.8% retracement level (blue dotted line). Upon reaching this level, the upward may continue with the next target at 1.2680 – a 76.4% retracement level (blue dashed […]