Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2136 (closing of yesterday's daily candle) to 1.2214, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible with a target at the 1.2259 resistance level (red thick line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion: Today, the price may move upward from the level of 1.2136 (closing of yesterday's daily candle) to 1.2214, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible with a target at the 1.2259 resistance level (red thick line).
Alternatively, the price may move upward from the level of 1.2136 (closing of yesterday's daily candle) to 1.2214, the 23.6% pullback level (red dotted line). In the case of testing this level, a downward movement is possible with a target at 1.2169, the 8-period EMA (blue thin line).