Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2660 (closing of yesterday's daily candle) to 1.2718, the 61.8% pullback level (red dotted line). Upon reaching this level, a continued upward movement is possible with a target at 1.2733, the historical resistance level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;Fibonacci levels – up;Volumes – up;Candlestick analysis – up;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion: Today, the price may move upward from the level of 1.2660 (closing of yesterday's daily candle) to 1.2718, the 61.8% pullback level (red dotted line). Upon reaching this level, a continued upward movement is possible with a target at 1.2733, the historical resistance level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2660 (closing of yesterday's daily candle) to 1.2718, the 61.8% pullback level (red dotted line). Upon reaching this level, a downward movement is possible with a target of 1.2680, the 8-period EMA (blue thin line).