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FX.co ★ Indicator analysis of GBP/USD on September 27, 2022

Indicator analysis of GBP/USD on September 27, 2022

Trend analysis (Fig. 1).

On Tuesday, moving up from the level of 1.0671 (closing of yesterday's daily candlestick), the price will try to reach the 38.2% retracement level of 1.0875 (blue dotted line). Should the quote test the barrier, the price will rise to the target standing at the 50.0% retracement level of 1.0875 (blue dotted line) and then go down.

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 Indicator analysis of GBP/USD on September 27, 2022

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 the level of 1.0671 (closing of yesterday's daily candlestick), the price will try to reach the 38.2% retracement level of 1.0875 (blue dotted line). Should the quote test the barrier, the price will rise to the target standing at the 50.0% retracement level of 1.0875 (blue dotted line) and then go down.

Alternative scenario: moving down from the level of 1.0671 (closing of yesterday's daily candlestick), the quote will try to get to the 14.6% retracement level of 1.0546 (blue dotted line). If the barrier is tested, the price could retrace up to the 38.2% retracement level of 1.0875 (blue dotted line).

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