Trend analysis (Fig. 1).
The pound-dollar pair may move upward from the level of 1.2368 (closing of yesterday's daily candle) to 1.2407, the 76.4% pullback level (yellow dotted line) When testing this level, a downward movement is possible with the target at 1.2357, the 14.6% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger bands - up;
- Weekly chart - up.
General conclusion:
Today, the price may move upward from the level of 1.2368 (closing of yesterday's daily candle) to 1.2407, the 76.4% pullback level (yellow dotted line) When testing this level, a downward movement is possible with the target at 1.2357, the 14.6% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2368 (closing of yesterday's daily candle) to 1.2407, the 76.4% pullback level (yellow dotted line). When testing this level, continued upward movement is possible to 1.2446, the upper fractal (yellow dotted line).
