FX.co ★ Indicator analysis. GBP/USD daily overview on August 2, 2022

Trend analysis (Fig. 1).

On Tuesday, moving up from 1.2246 (closing of yesterday's daily candlestick), the quote will try to hit the upper fractal at 1.2331 (red dotted line). If the price tests this mark, it may pull back to the 14.6% retracement level of 1.2172 (blue dotted line) and extend the uptrend.

Fig. 1 (daily chart).

Complex analysis:

- indicator analysis - up

- Fibonacci levels - up

- volumes - up

- candlestick analysis - up

- trend analysis - up

- Bollinger bands - up

- weekly chart - up

Final thoughts:

Today, moving up from 1.2246 (closing of yesterday's daily candlestick), the quote will try to hit the upper fractal at 1.2331 (red dotted line). If the price tests this mark, it may pull back to the 14.6% retracement level of 1.2172 (blue dotted line) and extend the uptrend.

Alternative scenario: moving down from 1.2246 (closing of yesterday's daily candlestick), the pair will try to reach 1.0178 historic support (blue dotted line). If the quote tests this level, it may rise to the upper fractal at 1.2331 (red dotted line) and extend growth.