Trend analysis (Figure 1).
Touching the support line at 1.3149 for the fourth time gives a high probability of moving up with the first target of 1.3326, a pullback level of 14.6% (yellow dotted line).
Fig. 1 (daily chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - down;
- Candle analysis - neutral;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, on the GBP / USD pair, after reaching the support line of 1.3149, it is possible to move up with the first target of 1.3326, the retracement level of 14.6% (yellow dotted line).
