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27.03.202008:20 Forex Analyse & Reviews: Indicator analysis. Daily review of GBP/USD on March 27, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.2160 (closing of yesterday's candle) the pair will continue to move up with the target of 1.2307, a pullback level of 50.0% (red dashed line). Upon reaching this line, the continuation of the upward movement is with the target of 1.2517, a retracement level of 61.8% (red dashed line).

Exchange Rates 27.03.2020 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today an upward movement is possible.

Unlikely scenario: from a pullback level of 50.0% - 1.2307 (red dashed line), work down with a target of 1.2098, a pullback level of 23.6% (blue dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2022
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