Trend analysis (Fig. 1).
The pound-dollar pair may move upward from the level of 1.2151 (closing of yesterday's daily candle) to 1.2199, the 61.8% pullback level (blue dotted line). In the case of testing this level, the price may continue to move upward with the target of 1.2213, the historical resistance level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Weekly chart - up;
- Bollinger Bands - up.
General conclusion:
Today, the price may move upward from the level of 1.2151 (closing of yesterday's daily candle) to 1.2199, the 61.8% pullback level (blue dotted line). In the case of testing this level, the price may continue to move upward with the target of 1.2213, the historical resistance level (blue dotted line).
Alternatively, the price may move downward from the level of 1.2151 (closing of yesterday's daily candle) to 1.2105, the 23.6% pullback level (yellow dotted line). In the case of testing this level, the price may move upward with the target of 1.2199, the 61.8% pullback level (blue dotted line).
