Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2744 (closing of yesterday's daily candle) to 1.2818, the 38.2% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to 1.2880, the 50.0% pullback level (red 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 1.2744 (closing of yesterday's daily candle) to 1.2818, the 38.2% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to 1.2880, the 50.0% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.2744 (closing of yesterday's daily candle) to 1.2818, the 38.2% pullback level (red dotted line). In the case of testing this level, a downward movement is possible to 1.2742, the 23.6% pullback level (red dotted line).
