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FX.co ★ Indicator analysis of GBP/USD on April 14, 2022

Indicator analysis of GBP/USD on April 14, 2022

Trend analysis (Fig. 1).

On Thursday, the pair is likely to go up from 1.3112 (closing level of yesterday's daily candlestick) to the 1.3139 target, in line with the 50.0% retracement level (red dotted line). Should the quote test the mark, the pair would head towards the 1.3177 target, in line with the 61.8% retracement level (red dotted line), test it, and go down.

 Indicator analysis of GBP/USD on April 14, 2022

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up

- Fibonacci analysis - up

- volume analysis - up

- candlestick analysis - up

- trend analysis - up

- Bollinger bands analysis - up

- weekly chart analysis - up

Final thoughts:

Today, the pair is likely to go up from 1.3112 (closing level of yesterday's daily candlestick) to the 1.3139 target, in line with the 50.0% retracement level (red dotted line). Should the quote test the mark, the pair would head towards the 1.3177 target, in line with the 61.8% retracement level (red dotted line), test it, and go down.

Alternative scenario: the pair may rise from 1.3112 (closing level of yesterday's daily candlestick) to the 1.3139 target, in line with the 50.0% retracement level (red dotted line). Having tested the mark, the quote may go down to the 1.3069 target, in line with the 76.4% retracement level, test it, reverse up.

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