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

Trend analysis (Fig. 1). Today, an upward movement is possible from the level of 1.2108 (closing of the Friday afternoon candle) with the target of 1.2160 – a 14.6% retracement level (presented in a red dashed line). If this line is reached, the upward movement is likely to continue with the next target at the […]