Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from the level of 1.2705 (closing of yesterday's daily candle) to 1.2672, the 21-period EMA (black thin line). In the case of testing this level, an upward movement is possible with a target of 1.2718, the 61.8% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Fibonacci levels – up;Volumes – down;Candlestick analysis – down;Trend analysis – down;Weekly chart – down;Bollinger bands – up.General conclusion: Today, the price may move downward from the level of 1.2705 (closing of yesterday's daily candle) to 1.2672, the 21-period EMA (black thin line). In the case of testing this level, an upward movement is possible with a target of 1.2718, the 61.8% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.2705 (closing of yesterday's daily candle) to 1.2639, the 23.6% pullback level (yellow dotted line). In the case of testing this level, an upward movement is possible with a target of 1.2718, the 61.8% pullback level (red dotted line).