Indicator analysis. Daily review on GBP / USD for May 5, 2020

Trend analysis (Fig. 1). Today, an upward pullback is possible from the level of 1.2443 (closing of yesterday’s candle) with the target at 1.2496 – a 61.8% pullback level (presented in a red dotted line). In case of breaking this level upwards, the next target will be at 1.2555 – a 75.4% retracement level (presented […]