FX.co ★ Indicator analysis. GBP/USD daily review on January 10, 2022

Trend analysis (Fig. 1)

GBP / USD may move down on Monday, from 1.3585 (closing of Friday's daily candle) to 1.3536, the 14.6% retracement level (red dotted line). Then, it will go to 1.3597, which is the upper fractal (red dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

Volumes - downtrend

Candlestick analysis - downtrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - downtrend

Conclusion: GBP/USD will decline from 1.3585 (closing of Friday's daily candle) to the 14.6% retracement level at 1.3536 (red dotted line), then move to 1.3597, which is the upper fractal (red dotted line).

Alternatively, the pair could go down from 1.3585 (closing of Friday's daily candle) to the 23.6% retracement level at 1.3498 (red dotted line), then climb to the resistance line at 1.3587 (yellow bold line).