FX.co ★ Indicator analysis. GBP/USD daily review on December 14, 2021

Trend analysis (Fig. 1)

GBP / USD will try to move down this Tuesday, from 1.3213 (closing of yesterday's daily candle) to 1.3179, which is the support line (yellow bold line). Then, it will go up to the 14.6% retracement level (yellow dashed line) - 1.3264.

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

Conclusion: GBP/USD will fall from 1.3213 (closing of yesterday's daily candle) to the support line (yellow bold line) at 1.3179. Then, upon reaching it, the quote will climb to 1.3264, which is the 14.6% retracement level (yellow dashed line)

There is a low chance that GBP/USD will drop from 1.3213 (closing of yesterday's daily candle) to the support line (yellow bold line) at 1.3179 and then go further down to 1.3111, which is the lower border of the Bollinger line (black dashed line).