Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from the level of 1.2727 (closing of Friday's daily candle) to 1.2694, the 13-period EMA (yellow thin line). From this level, an upward movement is possible to the upper fractal at 1.2826 (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – down;
- Trend analysis – down;
- Bollinger bands – up;
- Weekly chart – down.
General conclusion: Today, the price may move downward from the level of 1.2727 (closing of Friday's daily candle) to 1.2694, the 13-period EMA (yellow thin line). From this level, an upward movement is possible to the upper fractal at 1.2826 (yellow dotted line).
Alternatively, the price may move downward from the level of 1.2727 (closing of Friday's daily candle) to 1.2658, the 21-period EMA (black thin line). From this level, an upward movement is possible to the upper fractal at 1.2826 (yellow dotted line).
