Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2701 (closing of yesterday's daily candle) to 1.2742, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - up;Fibonacci levels - up;Volumes - up;Candlestick analysis - up;Trend analysis - up;Weekly chart - up;Bollinger Bands - up.General conclusion:
Today, the price may move upward from the level of 1.2701 (closing of yesterday's daily candle) to 1.2742, the 23.6% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2701 (closing of yesterday's daily candle) to 1.2742, the 23.6% pullback level (red dotted line). In the case of testing this level, a downward movement is possible to 1.2719, the 76.4% pullback level (blue dotted line).