Trend analysis (Figure 1).
On Tuesday, the price worked in the side channel. On Wednesday, the market with a high probability can continue to move up, with the first target of 1.3584, a pullback level of 14.6% (yellow dotted line). The complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the GBP / USD currency pair may have an upward movement with the first target of 1.3584, a retracement level of 14.6% (yellow dotted line).
