21.01.202008:19 Forex-elemzések és áttekintések: Indicator analysis: Daily review on GBP/USD for January 21, 2020

Trend analysis (Fig. 1).

Expect an upward movement today with the first target 1.3032, presented in a red dashed line. If it is achieved, the continuation of work upwards with the target of 1.3081 is a retracement level of 38.2% presented in a red dashed line. The final target is at 1.3093, the resistance line presented in a red bold line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, the price may continue to move up.

A downward scenario is unlikely, so, from the level of 1.3010, yesterday's closing candle, work down with the target of 1.2954, the lower fractal presented in a red dashed line.