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

Trend analysis (Fig. 1).

Today, the market from the level of 1.4107 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.4142 - the 85.4% retracement level (blue dotted line). Upon testing this level, it is possible that the movement will continue upwards with the target of 1.4177 - the resistance line (yellow bold line). Upon reaching this line, it is possible to move downwards.

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.4107 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.4142 - the 85.4% retracement level (blue dotted line). Upon testing this level, it is possible that the movement will continue upwards with the target of 1.4177 - the resistance line (yellow bold line). Upon reaching this line, it is possible to move downwards.

Alternative scenario: from the level of 1.4107 (closing of yesterday's daily candlestick), it will try to continue moving upward with the target of 1.4118 - 21 EMA (black thin line). And upon testing this line, it is possible to continue moving downwards with the target of 1.4064 - the support line of the descending channel (yellow bold line). And then, after testing this line, it is possible to move upwards with the target of 1.4092 - the retracement level of 76.4% (blue dashed line).