Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2632 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.2661 (yellow dotted line). Upon reaching this level, a continued upward movement is possible to test the 38.2% pullback level at 1.2695 (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Volumes – up;Candlestick analysis – up;Trend analysis – down;Bollinger bands – down;Weekly chart – up.General conclusion: Today, the price may move upward from the level of 1.2632 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.2661 (yellow dotted line). Upon reaching this level, a continued upward movement is possible to test the 38.2% pullback level at 1.2695 (red dotted line).
Alternatively, from the level of 1.2632 (closing of yesterday's daily candlestick), the price may move upward to test the 61.8% pullback level at 1.2661 (yellow dotted line). Upon reaching this level, a downward movement is possible to test the 23.6% pullback level at 1.2649 (red dotted line).