FX.co ★ Daily indicator analysis of GBP/USD, February 18, 2022

Trend analysis (fig. 1).

On Friday, the pair is likely to try to grow from the level of 1.3611 (the closing of yesterday's daily candlestick) to the upward target of 1.3575, the Fibonacci retracement level of 23.6% (red dotted line). After testing this level, the price may reach 1.3642, the upper border (red dotted line).

Fig. 1 (daily chart).

Complex analysis:

-indicator analysis– down;

- Fibonacci retracement levels – down;

- trading volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger lines - up;

- weekly chart - up.

Conclusion:

On Friday, the pair is likely to try to grow from the level of 1.3611 (the closing of yesterday's daily candlestick) to the upward target of 1.3575, the pullback level of 23.6% (red dotted line). After testing this level, the price may reach 1.3642, the upper border (red dotted line).

Alternatively, the price could climb to the target level of 1.3677, the retracement level of 76.4% (yellow dotted line) from the level of 1.3611 (the closing of yesterday's daily candlestick). After testing this level, the price may decline to the target level of 1.3526, which acts as the support level (yellow bold line).