Trend analysis (Fig. 1).
The pound-dollar pair may move down from 1.2584 (close of yesterday's daily candle) to the target of 1.2533, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move upward to the upper fractal 1.2600 (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – down;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion:Today the price may move down from the level of 1.2584 (close of yesterday's daily candle) to the target of 1.2533, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move upward to the upper fractal 1.2600 (yellow dotted line).
Alternative scenario: from the level of 1.2584 (close of yesterday's daily candle), the price may move downward with the target of 1.2494, the 23.6% retracement level (yellow dotted line). When testing this level, the price may move upward to the upper fractal 1.2600 (yellow dotted line).