Trend analysis (Fig. 1)
GBP / USD may move from 1.3828 (closing of Friday's daily candle) to the 8 EMA (blue thin line) - 1.3807, which will be followed with a rebound towards the upper fractal (yellow dashed line) - 1.3887.
Fig. 1 (daily chart)
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion: Today, GBP/USD may decline from 1.3828 (closing of Friday's daily candle) to the 8 EMA (blue thin line) - 1.3807. Afterwards, it will pull back and move to the upper fractal (yellow dashed line) - 1.3887.
Alternatively, it could immediately drop from 1.3828 (closing of Friday's daily candle) to the 38.2% retracement level (yellow dashed line) - 1.3779, followed by a rebound towards the upper fractal (yellow dashed line) - 1.3887.
