26.02.202008:27 Forex Analysis & Reviews: Indicator analysis. Daily review of GBP/USD on February 26, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.3007 (closing yesterday's candle), a downward movement is possible with the first target of 1.2954, the retracement level of 38.2% (blue dashed line). If this level is reached, a continuation of work upwards with the target of 1.3018, the upper fractal (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, the price may roll back down.

An unlikely scenario is from a pullback level of 23.6% equivalent to 1.2978 (blue dashed line), work up with the target of 1.3018, the upper fractal (blue dashed line).