FX.co ★ Indicator analysis of GBP/USD on February 25, 2022

Trend analysis (Fig. 1).

The market may move up on Friday from the level of 1.3375 (close of yesterday's daily candle) to the target level of 1.3456, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downward to the target level of 1.3387, the support line (thick white 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 1.3375 (close of yesterday's daily candle) to the target level of 1.3456, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downward to the target level of 1.3387, the support line (thick white line).

Unlikely scenario: from the level of 1.3375 (close of yesterday's daily candle), the price may continue to move up to the target level of 1.3456, the 50.0% retracement level (blue dotted line). After testing this level, the price may continue to move upward to the target level of 1.3500, the 61.8% retracement level (blue dotted line).