Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2171 (closing of yesterday's daily candle) to 1.2215, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.2261, the 21-period EMA (thin black 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 upward from the level of 1.2171 (closing of yesterday's daily candle) to 1.2215, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.2261, the 21-period EMA (thin black line).
Alternatively, the price may move upward from the level of 1.2171 (closing of yesterday's daily candle) to 1.2215, the 23.6% pullback level (red dotted line). In the case of testing this level, a downward movement is possible with a target of 1.2152, the 14.6% pullback level (red dotted line).