FX.co ★ Indicator analysis: Daily review of GBP/USD on April 13, 2023

Trend analysis (Fig. 1).

The market may move upward from the level of 1.2480 (closing of yesterday's daily candle) to 1.2524, the upper fractal (yellow dotted line). When testing this level, a downward movement is possible with the target of 1.2460, the historical support level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the market may move upward from the level of 1.2480 (closing of yesterday's daily candle) to 1.2524, the upper fractal (yellow dotted line). When testing this level, a downward movement is possible with the target of 1.2460, the historical support level (blue dotted line).

Alternatively, the price may move upward from the level of 1.2480 (closing of yesterday's daily candle) to 1.2524, the upper fractal (yellow dotted line). When testing this level, the price may continue to move up with the target of 1.2582, the historical resistance level (blue dotted line).