FX.co ★ Indicator analysis of GBP/USD for March 30, 2022

Trend analysis (Fig. 1).

The market may move up from the level of 1.3090 (close of yesterday's daily candle) to 1.3173, the 50.0% retracement level (red dotted line). In case of testing this level, the price may continue to move up with the target at 1.3202, the 61.8% retracement level (red dotted line). From this level, downward movement is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - up;
• Trend analysis - up;
• Weekly chart - up;
• Bollinger Bands – up.

General conclusion:

The price may move up from the level of 1.3090 (close of yesterday's daily candle) to 1.3173, the 50.0% retracement level (red dotted line). In case of testing this level, the price may continue to move up with the target at 1.3202, the 61.8% retracement level (red dotted line). From this level, downward movement is possible.

Unlikely scenario: from the level of 1.3090 (close of yesterday's daily candle), the price may move up to 1.3144, the 38.2% retracement level (red dotted line). In case of testing this level, the price may move downwards with the target at 1.3050, the lower fractal (red dotted line).