Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from 1.2722 (closing of yesterday's daily candle) to the target level at 1.2747, the 21-day EMA (black thin line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% 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 rise from 1.2722 (closing of yesterday's daily candle) to the target level at 1.2747, the 21-day EMA (black thin line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% pullback level (blue dotted line).
Alternatively, the price may rise from 1.2722 (closing of yesterday's daily candle) to the target level at 1.2747, the 21-day EMA (black thin line). In the case of testing this level, a downward movement is possible to 1.2719, the 76.4% pullback level (blue dotted line).
