FX.co ★ Indicator analysis: Daily review of GBP/USD on June 30, 2022

Trend analysis (Fig. 1).

The pound-dollar pair may move upward from 1.2117 (close of yesterday's daily candle) to the target of 1.2158, the 23.6% retracement level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.2191, the 38.2% retracement level (red dotted line). Upon reaching this level, the price may move down.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis – up;
• Fibonacci levels – up;
• Volumes – down;
• Candlestick analysis – up;
• Trend analysis – down;
• Bollinger bands – down;
• Weekly chart – down.

General conclusion:

Today, the price may move upward from 1.2117 (close of yesterday's daily candle) to the target of 1.2158, the 23.6% retracement level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.2191, the 38.2% retracement level (red dotted line). Upon reaching this level, the price may move down.

Alternative scenario: from the level of 1.2117 (close of yesterday's daily candle), the price may move upward with the target of 1.2158, the 23.6% retracement level (red dotted line). When testing this level, a downward movement is possible to the lower fractal 1.2105 (red dotted line). When testing this level, the price may move upward with the target of 1 2158, the 23.6% retracement level (red dotted line).