FX.co ★ Indicator analysis. GBP/USD daily review on December 23, 2021

Trend analysis (Fig. 1)

GBP / USD will try to move up this Thursday, from 1.3347 (closing of yesterday's daily candle) to 1.3376, the upper border of the Bollinger line (black dotted line). Then, it will return to 1.3352, which is the 21 EMA (black thin line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

Volumes - downtrend

Candlestick analysis - downtrend

Trend analysis - uptrend

Bollinger bands - downtrend

Weekly chart - uptrend

Conclusion: GBP/USD will rise from 1.3347 (closing of yesterday's daily candle) to the upper border of the Bollinger line at 1.3376 (black dotted line), then go back to 1.3352, which is the 21 EMA (black thin line).

Alternatively, the pair could go to the 38.2% retracement level at 1.3422 (yellow dashed line) after moving from 1.3347 (closing of yesterday's daily candle) to the upper border of the Bollinger line at 1.3376 (black dotted line).