Indicator analysis. Daily review of GBP/USD on January 25, 2022

Trend analysis (Fig. 1)

The price from the level of 1.3484 (closing of yesterday's daily candle) will make an attempt to continue declining to the target of 1.3458 – the pullback level of 50% (red dotted line) today. If this level is tested, it can rise to the target of 1.3511 – the pullback level of 23.6% (blue dotted line).

Fig 1 (daily chart)

Comprehensive analysis:

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General conclusion:

Today, the price from the level of 1.3484 (closing of yesterday's daily candle) will try to further fall to the target of 1.3458 – the pullback level of 50% (red dotted line). After testing this level, it may move up to the target of 1.3511 – the pullback level of 23.6% (blue dotted line).

Alternatively, the price from the level of 1.3484 (closing of yesterday's daily candle) will attempt to decline to the target of 1.3439 – the lower fractal (blue dotted line). After that, the upward movement will start to the target of 1.3511 – the pullback level of 23.6% (blue dotted line).