Indicator analysis. Daily review on GBP / USD for May 4, 2020

Trend analysis (Fig. 1). Today, a continuation of the downward trend is possible from the level of 1.2499 (closing of Friday candle) with the target of 1.2357 – a 23.6% retracement level (presented in a blue dotted line). In case of breaking this level downwards, the downward movement may continue with the target of 1.2177 […]