FX.co ★ Indicator Analysis. Daily review for the GBP/USD currency pair 02/22/21

Last Friday, the pair moved up, and failed to reach the next target of 1.4090 at the upper limit of the Bollinger line indicator (the black dotted line), closing the daily white candle at 1.4005. Today, the price may continue to move up and the economic calendar news is not expected.

Trend Analysis (Fig. 1).

Today, the market may continue to move up from the level of 1.4005 (the closing of Friday's daily candle) with the target of 1.4090 at the upper limit of the Bollinger Line indicator (the black dotted line). When testing this line, it will continue to go up with the target of 1.4285 at the historical resistance level (blue dotted line).

Figure 1 (daily chart).

Comprehensive Analysis:

- Indicator Analysis – up

- Fibonacci Levels – up

- Volumes – up

- Candlestick Analysis – up

- Trend Analysis -up

- Bollinger Bands – up

- Weekly Schedule - up

General Conclusion:

Today, the price may start moving up with the target of 1.4090 at the upper limit of the Bollinger Line indicator (the black dotted line). When testing this line, it will continue to go up with the target of 1.4285 at the historical resistance level (blue dotted line).

An unlikely scenario: from the level of 1.4005 (the closing of Friday's daily candle), the price may start moving up with the target of 1.4108 at the upper limit of the Bollinger Line indicator (the black dotted line). When testing this line, it will go down with the target of 1.3876-13 average EMA (yellow thin line).