Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from 1.2689 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.2674 (blue dotted line). Upon reaching this level, an upward movement is possible, with the target of testing the 76.4% pullback level at 1.2711 (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;Volumes – down;Candlestick analysis – down;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion: Today, the price may move downward from 1.2689 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.2674 (blue dotted line). Upon reaching this level, an upward movement is possible, with the target of testing the 76.4% pullback level at 1.2711 (blue dotted line).
Alternatively, from the level of 1.2689 (closing of yesterday's daily candle), the price may move downward to test the 23.6% pullback level at 1.2663 (yellow dotted line). Upon reaching this level, an upward movement is possible, with the target of testing the 76.4% pullback level at 1.2711 (blue dotted line).