FX.co ★ Indicator analysis. Daily forecast for GBP/USD pair on April 30, 2021

Trend analysis (Fig. 1)

The price from the level of 1.3941 (closing of yesterday's daily candle) will attempt to decline today, namely to the target of 1.3837 – the support line (red bold line). Once this line is reached, it may continue to increase to the target of 1.3975 – the upper fractal (daily candle from 04/29/2021).

Figure 1 (daily chart)

Comprehensive analysis:

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

Overall conclusion:

Today, the price from the level of 1.3941 (closing of yesterday's daily candle) will attempt to decline to the target of 1.3837 – the support line (red bold line). After reaching this line, it may continue rising to the target of 1.3975 – the upper fractal (daily candle from 04/29/2021).

Alternatively, the price from the level of 1.3941 (closing of yesterday's daily candle will attempt to resume its growth to the target of 1.4014 – a pullback level of 61.8% (blue dotted line). After reaching this level, it may further rise to the target of 1.4096 – a pullback level of the 76.4% blue dotted line).