FX.co ★ Indicator analysis. Daily review for the GBP/USD pair on April 15, 2021

Trend analysis (Fig. 1).

On Thursday, the market may start moving upward from the level of 1.3773 (closing of yesterday's daily candlestick) to the target set at 1.3819 - the resistance line of the descending channel (blue bold line). After testing this line, it is likely to continue moving upwards, with a target of 1.3882 - the 38.2% retracement level (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may start moving upwards from the level of 1.3773 (closing of yesterday's daily candlestick) to the target set at 1.3819 - the resistance line of the descending channel (blue bold line). After testing this line, it is likely to continue moving upwards, with a target of 1.3882 - the 38.2% retracement level (blue dashed line).

Unlikely scenario: from the level of 1.3773 (closing of yesterday's daily candlestick), a downward movement may begin, with the target of 1.3668 - a lower fractal (blue dotted line). Upon testing this level, it may rise with the target of 1.3750 - the 14.6% retracement level (blue dashed line).