Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from the level of 1.2750 (closing of yesterday's daily candle) to 1.2720, the 21-period EMA (black thin line). In the case of testing this level, an upward movement is possible to 1.2749, the 38.2% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
- Candlestick analysis – up;
- Trend analysis – down;
- Bollinger bands – up;
- Weekly chart – up.
General conclusion: Today, the price may move downward from the level of 1.2750 (closing of yesterday's daily candle) to 1.2720, the 21-period EMA (black thin line). In the case of testing this level, an upward movement is possible to 1.2749, the 38.2% pullback level (yellow dotted line).
Alternatively, from the level of 1.2750 (closing of yesterday's daily candle), the price may move downward to 1.2705, the 50% pullback level (yellow dotted line). In the case of testing this level, an upward movement is possible to 1.2749, the 38.2% pullback level (yellow dotted line).
