Trend analysis (Fig. 1).
The pound-dollar pair may move downward from the level of 1.2115 (closing of yesterday's daily candle) to 1.2072, the 61.8% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.2200, the 50% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - down;Bollinger bands - down;Weekly chart - down.General conclusion:
Today, the price may move downward from the level of 1.2115 (closing of yesterday's daily candle) to 1.2072, the 61.8% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.2200, the 50% pullback level (yellow dotted line).
Alternatively, the price may move upward from the level of 1.2115 (closing of yesterday's daily candle) to 1.2200, the 50.0% pullback level (yellow dotted line). Upon reaching this level, the price may continue to move up.