FX.co ★ Indicator analysis of GBP/USD on November 25, 2021

Trend analysis (Fig. 1)

On Thursday, the price is expected to rise from 1.3322 (the closing level of yesterday's daily candlestick). The target is seen at the 23.6% retracement level (1.3361, blue dotted line). The upward trend is likely to extend if the quote tests this mark. If so, the target will be seen at the 38.2% retracement level (1.3390, blue dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

- indicator analysis - uptrend

- Fibonacci retracement analysis - uptrend

- volume analysis - uptrend

- candlestick analysis - uptrend

- trend analysis - uptrend

- Bollinger bands analysis - uptrend

- weekly chart analysis - uptrend

Conclusion:

Today, the price is expected to rise from 1.3322 (the closing level of yesterday's daily candlestick). The target is seen at the 23.6% retracement level (1.3361, blue dotted line). The upward trend is likely to extend if the quote tests this mark. If so, the target will be seen at the 38.2% retracement level (1.3390, blue dotted line).

Alternatively, the price may head towards the historic resistance level of 1.3352 (blue dotted line) from 1.3322 (the closing level of yesterday's daily candlestick). If the quote tests this mark, the downtrend may resume with the target at the support line of 1.3258 (yellow bold line). In case of a test there, the price may retrace upward.