Trend analysis (Fig. 1)
GBP/USD will continue its bullish momentum, rising up from 1.2016 (closing of yesterday's daily candle) to the 13 EMA at 1.2089 (thin yellow line), then to the historical resistance level of 1.2213 (blue dotted line).
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
Weekly chart - uptrend
Conclusion: GBP/USD will jump from 1.2016 (closing of yesterday's daily candle) to the 13 EMA at 1.2089 (thin yellow line), then move to the historical resistance level of 1.2213 (blue dotted line).
Alternatively, the pair could go up from 1.2016 (closing of yesterday's daily candle) to the 21 EMA at 1.2080 (thin black line), then pull back to the lower fractal at 1.1991 (daily candle from December 22). Quotes will resume moving upwards after testing this level.
