Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2751 (closing of yesterday's daily candle) to test 1.2816, the 38.2% pullback level (red dotted line). Upon testing this level, the price may decline to 1.2800, the 61.8% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - 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 1.2751 (closing of yesterday's daily candle) to test 1.2816, the 38.2% pullback level (red dotted line). Upon testing this level, the price may decline to 1.2800, the 61.8% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2751 (closing of yesterday's daily candle) to test 1.2878, the 50.0% pullback level (red dotted line). Upon testing this level, a downward movement is possible to 1.2816, the 38.2% pullback level (red dotted line).