Indicator analysis. Daily review on GBP / USD for May 14, 2020

Trend analysis (Fig. 1). Today, the downward trend is likely to continue from the level of 1.2235 (closing of yesterday’s candle) with a target at 1.2174 – a 38.2% pullback level (presented in a blue dotted line). If this level is reached, the downward movement may continue with a target at 1.2029 – a 50.0% […]