FX.co ★ Indicator Analysis. Daily review for the GBP/USD currency pair 01/25/21

Trend Analysis (Fig. 1).

Today, the market may continue to move up from the level of 1.3683 (the closing of Friday's daily candle) with the target of 1.3744 at the upper fractal (red dotted line). When testing this line, it will continue to go up with the target of 1.3821 at the upper limit of the Bollinger Line Indicator (the black dotted line).

Figure 1 (daily chart).

Comprehensive Analysis:

• Indicator Analysis – up

• Fibonacci Levels – up

• Volumes – up

• Technical Analysis – down

• Trend Analysis - up

• Bollinger Bands – up

• Weekly Chart - up

General Conclusion:

Today, the price may continue to move up with the target of 1.3744 at the upper fractal (red dotted line). When testing this line, it will continue to go up with the target of 1.3821 at the upper limit of the Bollinger Line Indicator (the black dotted line).

Unlikely scenario: from the level of 1.3683 (the closing of the Friday daily candle), it may continue to move up with the target of 1.3744 at the upper fractal (the red dotted line). When testing this line, it will go down with the target of 1.3601-21 average EMA (black thin line). When testing this line, it will continue to go down with the target of 1.3481 at the historical support level (blue dotted line).