Trend analysis (Figure 1).
On Wednesday, the price worked bottom in the side channel. On Thursday, the market may start moving up, with the first target of 1.3584, a retracement 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;
- Candle analysis - neutral;
- Trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion:
On Thursday, on the GBP / USD pair, the upward movement with the first target of 1.3584 is the pullback level of 14.6% (yellow dotted line).
