FX.co ★ Indicator analysis of GBP/USD for February 15, 2022

Trend analysis (Fig. 1).

The market may move up on Tuesday from the level of 1.3522 (close of yesterday's daily candle) to the target level of 1.3579, the 61.8% retracement level (yellow dotted line). When testing this level, the price may continue to move upward to the target level of 1.3642, the upper fractal (red dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger bands - up;

- Weekly chart - up.

General conclusion:

The price may move up from the level of 1.3522 (close of yesterday's daily candle) to the target level of 1.3579, the 61.8% retracement level (yellow dotted line). When testing this level, the price may continue to move upward to the target level of 1.3642, the upper fractal (red dotted line).

Alternative scenario: from the level of 1.3522 (close of yesterday's daily candle), the price may continue to move down to the target level of 1.3466, the 61.8% retracement level (red dotted line). When testing this level, the price may move upwards to the target level of 1.3579, the 61.8% retracement level (yellow dotted line).