Trend analysis (Fig. 1).
The pound-dollar pair may move upward from the level of 1.2135 (closing of yesterday's daily candle) to test 1.2201, the 50.0% pullback level (yellow dotted line). When testing this level, the price may continue to move up.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - 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 1.2135 (closing of yesterday's daily candle) to test 1.2201, the 50.0% pullback level (yellow dotted line). When testing this level, the price may continue to move up.
Alternatively, the price may move upward from the level of 1.2135 (closing of yesterday's daily candle) to test 1.2175, the 21-day EMA (thin black line). When testing this level, the price may move down.
