Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2218 (closing of yesterday's daily candle) to 1.2248, the 50.0% pullback level (yellow dotted line). In the case of testing this level, a continued upward movement is possible to 1.2306, the 38.2% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Fibonacci levels – down;Volumes – down;Candlestick analysis – up;Trend analysis – down;Bollinger bands – down;Weekly chart – down.General conclusion: Today, the price may move upward from the level of 1.2218 (closing of yesterday's daily candle) to 1.2248, the 50.0% pullback level (yellow dotted line). In the case of testing this level, a continued upward movement is possible to 1.2306, the 38.2% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.2218 (closing of yesterday's daily candlestick) to 1.2206, the 61.8% pullback level (yellow dotted line). In the case of testing this level, an upward movement is possible to 1.2248, the 50.0% pullback level (yellow dotted line).