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

Trend analysis (Fig. 1).

Today, the market from the level of 1.3878 (closing of last Friday's daily candlestick) may start moving upwards with the target at 1.3940 - the resistance line (red bold line). And after this line is tested, the upward movement may continue with the target of 1.4009 - the 50.0% retracement level (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.3878 (closing of last Friday's daily candlestick) may start moving upwards with the target at 1.3940 - the resistance line (red bold line). And after this line is tested, the upward movement may continue with the target of 1.4009 - the 50.0% retracement level (blue dashed line).

Alternative scenario: from the level of 1.3878 (closing of last Friday's daily candlestick), it may continue to move upward with the target at 3940 - the resistance line (red bold line). When this line is tested, it may move downward with the target at 1.3889 - the 61.8% retracement level (red dashed line).