Indicator analysis. Daily review on GBP / USD for May 27, 2020

The pair traded upwards on Tuesday and tested 1.2360 – a 50% pullback level (presented in a blue dashed line). Today, a downward pullback is possible. Nothing is expected for economic calendar news. Trend analysis (Fig. 1). Today, a downward pullback is possible from the level of 1.2326 (closing of yesterday’s candle) with the target […]