FX.co ★ Indicator analysis: GBP/USD daily review on April 1, 2022

Trend analysis (Fig. 1)

GBP/USD will try to rise this Friday, from 1.3133 (closing of yesterday's daily candle) to 1.3173, which is the 50.0% retracement level (red dotted line). Then, it could move to the 61.8% retracement level at 1.3201 (red dotted line).

Fig. 1 (daily chart)

comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

Conclusion: GBP/USD will move up from 1.3133 (closing of yesterday's daily candle) to the 61.8% retracement level at 1.3173 (red dotted line), then go to 1.3201, which is the 61.8% retracement level (red dotted line).

There is little chance that the pair will drip from 1.3133 (closing of yesterday's daily candle) to the 85.4% retracement level at 1.3042 (yellow dotted line), then bounce back to the 14.6% retracement level at 1.3085 (red dotted line).