FX.co ★ Indicator Analysis. Daily review for the GBP/USD currency pair 01/22/21

Trend Analysis (Fig. 1).

Today, the market will try to start going down from the level of 1.3728 (the closing of yesterday's daily candle) with the target of 1.3624-13 average EMA (yellow thin line). When this line is reached, the price may continue to go down with a target of 1.3588-21 average EMA (black thin line).

Figure 1 (daily chart).

Comprehensive Analysis:

• Indicator Analysis – down

• Fibonacci Levels – down

• Volumes – down

• Technical Analysis – down

• Trend Analysis – up

• Bollinger Bands – up

• Weekly Chart – down

General Conclusion:

Today, the price will try to start going down from the level of 1.3728 (the closing of yesterday's daily candle) with the target of 1.3624-13 average EMA (yellow thin line). When this line is reached, the price may continue to go down with a target of 1.3588-21 average EMA (black thin line).

Alternative scenario: from the level of 1.3728 (the closing of yesterday's daily candle), the average EMA (yellow thin line) will try to start going down with the target of 1.3624-13. When this line is reached, the price can start going up with the target of 1.3744 at the upper fractal (daily candle from 01/21/2021).