FX.co ★ Indicator analysis: Daily review of GBP/USD for December 30, 2021

Trend analysis (Fig. 1).

The market will move down on Thursday from the level of 1.3485 (closing of yesterday's daily candle) to the target level of 1.3454, the 14.6% retracement level (red dotted line). When testing this level, the price will move upward to the target level of 1.3504, the upper fractal (red dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly chart - up.

General conclusion:

The price will move down from the level of 1.3485 (closing of yesterday's daily candle) to the target level of 1.3454, the 14.6% retracement level (red dotted line). When testing this level, the price will move upward to the target level of 1.3504, the upper fractal (red dotted line).

Alternative scenario: from the level of 1.3485 (closing of yesterday's daily candle), the price will move down to the target level of 1.3454, the 14.6% retracement level (red dotted line). When testing this level, the price will continue to move down to the target level of 1.3424, the 23.6% retracement level (red dashed line).