Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from the level of 1.3031 (closing of yesterday's daily candle) to 1.2995, the 8-day EMA (thin blue line). In the case of testing this level, the price may move up with the target of 1.3124, the 208% price level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - down;Fibonacci levels - down;Volumes - down;Candlestick analysis - down;Trend analysis - down;Weekly chart - down;Bollinger bands - down.General conclusion:
Today, the price may move downward from the level of 1.3031 (closing of yesterday's daily candle) to 1.2995, the 8-day EMA (thin blue line). In the case of testing this level, the price may move up with the target of 1.3124, the 208% price level (red dotted line).
Alternatively, the price may move downward from the level of 1.3031 (closing of yesterday's daily candle) to 1.2929, the 38.2% pullback level (blue dotted line). In the case of testing this level, the price may move up with the target of 1.3124, the 208% price level (red dotted line).