Trend analysis (Fig. 1).
The pound-dollar pair may move down from the level of 1.2573 (close of yesterday's daily candle) to the target of 1.2534, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move up to the upper fractal at 1.2611 (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 1.2573 (close of yesterday's daily candle) to the target of 1.2534, the 14.6% retracement level (yellow dotted line). When testing this level, the price may move up to the upper fractal at 1.2611 (yellow dotted line).
Alternative scenario: from the level of 1.2573 (close of yesterday's daily candle), the price may move upward with the target of 1.2725, the 50% retracement level (red dotted line). When testing this level, downward movement is possible.