FX.co ★ Indicator analysis. Daily review for the GBP/USD pair on May 28, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.4201 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.4149 - the retracement level of 14.6% (red dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.4232 - the upper fractal (red dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - down;
• 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 1.4201 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.4149 - the retracement level of 14.6% (red dotted line). Upon reaching this level, the price may continue to move upward with the target at 1.4232 - the upper fractal (red dotted line).

Unlikely scenario: from the level of 1.4201 (closing of yesterday's daily candlestick), it will try to start moving down with the target of 1.4149 - a retracement level of 14.6% (red dotted line). Upon reaching this level, the price may continue to move downward with the target of 1.4099 - the retracement level of 23.6% (red dotted line).