FX.co ★ Indicator analysis. Daily review of the GBP/USD currency pair for March 30, 2021

Trend analysis (Fig. 1).

Today, the market will try to start moving upwards from the level of 1.3759 (the closing of yesterday's daily candlestick) to the target at 1.3882 - the 38.2% retracement level (blue dotted line). Once this level is tested, it is likely to continue working upwards with the target of 1.3948 - the 50.0% retracement level (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - up;
• Trend analysis - up;
• Bollinger lines - up;
• Weekly chart - up.

General conclusion:

Today, the price will try to start moving upwards from the level of 1.3759 (the closing of yesterday's daily candlestick) to the target at 1.3882 - the 38.2% retracement level (blue dashed line). Once this level is tested, it is likely to continue working upwards with the target of 1.3948 - the 50.0% retracement level (blue dashed line).

Unlikely scenario: from the level of 1.3759 (the closing of yesterday's daily candlestick), the pair will try to continue moving downwards to the target at 1.3732 - the support line of the ascending channel (red bold line). Once this level is tested, it is possible to continue working upwards with the target of 1.3882 - the retracement level of 38.2% (blue dashed line).