FX.co ★ Indicator analysis. Daily review of GBP/USD for June 18, 2021

Trend analysis (Fig. 1).

The market may continue to move down from the level of 1.3917 (closing of yesterday's daily candlestick) with the target of 1.3804 - the 76.4% pullback level (red dotted line). Upon reaching this level, the price may start moving upwards with the target of 1.3944 - the 85.4% pullback level (yellow dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly chart - down.

General conclusion :

Today, the price may continue to move down from the level of 1.3917 (closing of yesterday's daily candlestick) with the target of 1.3804 - the 76.4% pullback level (red dotted line). Upon reaching this level, the price may start moving upwards with the target of 1.3944 - the 85.4% pullback level (yellow dashed line).

Alternative scenario: from the level of 1.3917 (closing of yesterday's daily candlestick), the price may continue moving down with the target of 1.3804 - the 76.4% pullback level (red dotted line). Upon reaching this level, the price may continue to move downward with the target of 1.3752 - the 85.4% pullback level (red dotted line).