FX.co ★ Indicator analysis. GBP/USD daily review on November 19, 2021

Trend analysis (Figure 1).

On Friday the market from yesterday's daily candlestick closing level of 1.3491 will try to continue the upward movement with the target 1.3512, the upper fractal level (blue dotted line). After testing this level, the price may continue moving upward with the target 1.3536, a pullback level of 38.2% (yellow dotted line).

Figure 1 (daily chart).

Complex analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger bands - up;

- weekly chart - up.

Conclusion:

Today the price from yesterday's daily candle closing level of 1.3491 will try to continue the upward movement with the target 1.3512, the upper fractal (blue dotted line). After testing this level, the price may continue the upward movement with the target of 1.3536, a pullback level of 38.2% (yellow dotted line).

Unlikely scenario: the market from yesterday's daily candle closing level 1.3491 will try to continue upward movement with the target of 1.3512, the upper fractal (blue dotted line). After testing this level, the price may start moving downwards with the target of 1.3451, the pullback level of 38.2% (blue dotted line).