FX.co ★ Indicator analysis. Daily review of GBP/USD for September 24, 2021

Trend analysis (Fig. 1).

The market may move upward from the level of 1.3669 (closing of Friday's daily candle) with the target of 1.3724 - the 38.2% retracement level (yellow dashed line). Upon reaching this level, the price may continue to move up with the target of 1.3760 - the 50.0% retracement level (yellow dashed line).

Fig. 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 may move upward from the level of 1.3669 (closing of Friday's daily candle) with the target of 1.3724 - the 38.2% retracement level (yellow dashed line). Upon reaching this level, the price may continue to move up with the target of 1.3760 - the 50.0% retracement level (yellow dashed line).

Unlikely scenario: from the level of 1.3669 (closing of Friday's daily candlestick), the price may move downward with the target at 1.3608 - the lower fractal (the daily candlestick from 09/22/2021). When testing this level, the price may move upward with the target at 1.3652 - the 14.6% retracement level (yellow dashed line).