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14.01.202008:22 Forex Analysis & Reviews: Indicator analysis: Daily review on GBP/USD for January 14, 2020

Long-term review

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Trend analysis (Fig. 1).

Today, the price may push off from the support line 1.2965 presented in a white bold line and start moving up with the goal of 1.3085 which is a pullback level of 38.2% presented in a red dotted line. If this line is reached, a continuation of work up with the goal of 1.3161 which is a pullback level of 61.8% presented in a red dotted line.

Fig. 1 (daily chart).

Complex analysis:

- Indicator analysis-up;

- Fibonacci levels-up;

- Volumes-up;

- Candle analysis-up;

- Trend analysis-up;

- Bollinger lines-up;

- Weekly chart - the up.

General conclusion:

The price may start moving up today.

A downward scenario is unlikely but quite possible. From the level of 1.2990, the closing of yesterday's daily candle, work down with the goal of 1.2905, the lower fractal.

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