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FX.co ★ Indicator analysis. Daily review of GBP/USD for September 21, 2021

Indicator analysis. Daily review of GBP/USD for September 21, 2021

Trend analysis (Fig. 1).

The GBP/USD pair may move upward from the level of 1.3651 (closing of yesterday's daily candle) with the target of 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level will lead to further upward movement with the target of 1.3703 - the 23.6% retracement level (yellow dashed line).

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Indicator analysis. Daily review of GBP/USD for September 21, 2021

Fig. 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 may move upward from the level of 1.3651 (closing of yesterday's daily candle) with the target of 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level will lead to further upward movement with the target of 1.3703 - the 23.6% retracement level (yellow dashed line).

Unlikely scenario: the price may move upward from the level of 1.3651 (closing of yesterday's daily candle) with the target of 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level will lead to continued downward movement with the target of 1.3601 - the lower fractal (blue dashed line), where an upward pullback may form.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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