FX.co ★ Indicator analysis. Daily review for the GBP/USD pair on June 25, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.3917 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.3888 - the 61.8% retracement level (red dotted line). Upon reaching this level, the price may start moving upwards with the target at 1.3934 - the resistance line of the ascending channel (red bold line).

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 1.3917 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.3888 - the 61.8% retracement level (red dotted line). Upon reaching this level, the price may start moving upwards with the target at 1.3934 - the resistance line of the ascending channel (red bold line). Upon reaching this line, it is possible to continue moving upward.

Alternative scenario: from the level of 1.3917 (closing of yesterday's daily candlestick), it will try to continue moving downward with the target of 1.3888 - the 61.8% retracement level (red dotted line). Upon reaching this level, the price may continue to move downward with the target of 1.3859 - the lower fractal (daily candlestick from 06/22/2021).