FX.co ★ Indicator analysis. Daily forecast for GBP/USD, April 8, 2021

Trend analysis (Pic. 1).

On Thursday, the pair may rebound from the level of 1.3735 (the closing of yesterday's daily candlestick) to 1.3802, the retracement level of 23.6% (blue dotted line). After testing this level, the pair may advance to the target level of 1.3881, the retracement level of 38.2% (blue dotted line).

Pic. 1 (daily chart).

Complex analysis:

- indicator analysis- up;

- Fibonacci levels – up;

- volumes – up;

- candle analysis – down;

- trend analysis-up;

- Bollinger bands – up;

- weekly chart - up.

Conclusion:

Today, the pair may rebound from the level of 1.3735 (the closing of yesterday's daily candlestick) to 1.3802, the retracement level of 23.6% (blue dotted line). After testing this level, the pair may advance to the target level of 1.3881, the retracement level of 38.2% (blue dotted line).

Unlikely scenario: it may decline from the level of 1.3735 (the closing of yesterday's daily candlestick) to the level of 1.3669 – the lower fractal (blue dotted line). After testing this level, it may climb to 1.3750 – the retracement level of 14.6% (blue dotted line).