FX.co ★ Indicator analysis. Daily review for the GBP/USD pair on April 27, 2021

Trend analysis (Fig. 1).

On Tuesday, the market from the level of 1.3893 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.3876 - 8 EMA (red thin line). After testing this line, it is possible to continue working upwards with the target of 1.3947 - the 50.0% retracement level (blue dashed line). And upon reaching this level, it is possible to continue to work upward with the target of 1.4014 - the 61.8% 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 from the level of 1.3893 (the close of yesterday's daily candle) will try to continue moving upwards with the target of 1.3947 - the 50.0% retracement level (blue dashed line). Upon reaching this level, it is possible to continue to work upward with the target of 1.4014 - the 61.8% retracement level (blue dashed line).

Alternative scenario: from the level of 1.3893 (closing of yesterday's daily candlestick), the price will try to start moving down with the target of 1.3818 - the support line (red bold line). After testing this line, it is possible to work upwards with the target of 1.3992 - the 38.2% retracement level (blue dashed line).