FX.co ★ Indicator Analysis of GBP/USD on March 26, 2024

Trend analysis (Fig. 1).

The GBP/USD currency pair may move upward from the level of 1.2632 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.2661 (yellow dotted line). Upon reaching this level, a continued upward movement is possible to test the 38.2% pullback level at 1.2695 (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion: Today, the price may move upward from the level of 1.2632 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.2661 (yellow dotted line). Upon reaching this level, a continued upward movement is possible to test the 38.2% pullback level at 1.2695 (red dotted line).

Alternatively, from the level of 1.2632 (closing of yesterday's daily candlestick), the price may move upward to test the 61.8% pullback level at 1.2661 (yellow dotted line). Upon reaching this level, a downward movement is possible to test the 23.6% pullback level at 1.2649 (red dotted line).