logo

FX.co ★ Indicator analysis. Daily review of GBP/USD for September 22, 2021

Indicator analysis. Daily review of GBP/USD for September 22, 2021

Trend analysis (Fig. 1).

The market may move upward from the level of 1.3655 (closing of yesterday's daily candle) to 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level may lead to continued upward movement with the target of 1.3703 - the 23.6% retracement level (yellow dashed line). Much will depend on the news that comes out at 18:00 and 18:30 UTC.

See also: You can open a trading account here
Indicator analysis. Daily review of GBP/USD for September 22, 2021

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Weekly chart - up;

- Bollinger lines - up.

General conclusion:

Today, the price may move upward from the level of 1.3655 (closing of yesterday's daily candle) to 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level may lead to continued upward movement with the target of 1.3703 - the 23.6% retracement level (yellow dashed line).

Alternative scenario: from the level of 1.3655 (closing of yesterday's daily candle), the price may move downwards to 1.3601 - the lower fractal (blue dotted line). A test of this level may lead to continued upward movement with the target of 1.3679 - the 14.6% retracement level (yellow dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account