Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from the level of 1.2187 (closing of yesterday's daily candle) to 1.2155, the 5-period EMA (red thin line). In the case of testing this level, an upward movement is possible with a target of 1.2272, the 21-period EMA (black thin line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – down;Weekly chart – up.General conclusion: Today, the price may move downward from the level of 1.2187 (closing of yesterday's daily candle) to 1.2155, the 5-period EMA (red thin line). In the case of testing this level, an upward movement is possible with a target of 1.2272, the 21-period EMA (black thin line).
Alternatively, the price may move downward from the level of 1.2187 (closing of yesterday's daily candle) to 1.2152, the 14.6% pullback level (red dotted line). Upon reaching this level, an upward movement is possible with a target of 1.2272, the 21-period EMA (black thin line).