Trend analysis (Fig. 1).
The pound-dollar pair may move upward from the level of 1.1840 (closing of yesterday's daily candle) to the target at 1.1882, the 23.6% pullback level (yellow dotted line). When testing this level, the price may continue to move upward with the target at 1.1932, the 38.2% pullback level (yellow dotted line). From this level, a downward movement is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - up;Fibonacci levels - up;Volumes - up;Candlestick analysis - up;Trend analysis - up;Bollinger bands - down;Weekly chart - up.General conclusion:
Today, the price may move upward from the level of 1.1840 (closing of yesterday's daily candle) to the target at 1.1882, the 23.6% pullback level (yellow dotted line). When testing this level, the price may continue to move upward with the target at 1.1932, the 38.2% pullback level (yellow dotted line). From this level, a downward movement is possible.
Alternatively, the price may move upward from the level of 1.1840 (closing of yesterday's daily candle) to the target at 1.1882, the 23.6% pullback level (yellow dotted line). From this level, a downward movement is possible with the target at 1.1802, the lower fractal (yellow dotted line).