FX.co ★ Indicator analysis. Daily review for the GBP/USD pair on June 22, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.3929 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.3891 - the retracement level of 23.6% (blue dotted line). And upon testing this level, it is possible to continue working upward with the target of 1.3955 - the retracement level of 38.2% (blue dashed line). After reaching this level, downward work is possible.

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - up;
• Trend analysis - up;
• Bollinger lines - up;
• Weekly chart - up.

General conclusion:

Today, the price from the level of 1.3929 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.3891 - the retracement level of 23.6% (blue dotted line). And upon testing this level, it is possible to continue working upward with the target of 1.3955 - the retracement level of 38.2% (blue dashed line). After reaching this level, downward work is possible.

Alternative scenario: from the level of 1.3929 (closing of yesterday's daily candlestick), it will try to start moving down with the target of 1.3891 - a retracement level of 23.6% (blue dashed line). Upon testing this level, it is possible to continue working downward with the target of 1.3850 - the retracement level of 14.6% (blue dashed line). And after testing this level, it is possible to move upward with the target at 1.3955 - the 38.2% retracement level (blue dashed line).