FX.co ★ Indicator analysis for GBP/USD, January 13, 2022

Trend analysis (fig. 1).

Today, the price will continue to grow from the level of 1.3696 (the closing of yesterday's daily candlestick) in order to test the upper fractal of 1.3712 (red dotted line). If so, it may dip to the target level of 1.3632, a retracement level of 14.6% (red dotted line). When testing this level, it could resume its upward movement.

Fig. 1 (daily chart).

Complex analysis:

- indicator analysis - down;

-Fibonacci retracement levels– down;

- trading volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger bands - down;

- weekly chart - up.

Conclusion:

Today, the price will continue to grow from the level of 1.3696 (the closing of yesterday's daily candlestick) in order to test the upper fractal of 1.3712 (red dotted line). If so, it may dip to the target level of 1.3632, a retracement level of 14.6% (red dotted line). When testing this level, it could resume its upward movement.

Alternatively, from the level of 1.3696 (the closing of yesterday's daily candlestick), it may touch the target level of 1.3800, the historical resistance level (blue dotted line).