FX.co ★ Indicator analysis of GBP/USD on April 21, 2022

Trend analysis (Fig. 1).

The pound-dollar pair may move up from the level of 1.3064 (close of yesterday's daily candle) to the target at 1.3095, the 38.2% retracement level (red dotted line). When testing this level, the price may continue to move up with the target at 1.3133, the 50.0% retracement level (red dotted line). When testing 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;
• Bollinger bands – up;
• Weekly chart – up.

General conclusion:

Today, the price may move up from the level of 1.3064 (close of yesterday's daily candle) to the target at 1.3095, the 38.2% retracement level (red dotted line). When testing this level, the price may continue to move up with the target at 1.3133, the 50.0% retracement level (red dotted line). When testing this level, downward movement is possible.

Alternative scenario: from the level of 1.3064 (close of yesterday's daily candle), the price may move downward with the target of 1.3038, the 61.8% retracement level (yellow dotted line). When testing this level, the price may move upward with the target at 1.3095, the 38.2% retracement level (red dotted line).