FX.co ★ Indicator analysis: GBP/USD daily review on April 22, 2022

Trend analysis (Fig. 1)

GBP/USD will move down from 1.3025 (closing of yesterday's daily candle) to 1.2944, which is the lower limit of the Bollinger band indicator (dashed black line). Then, it will go to 1.2997, the 14.6% retracement level (red dotted line).

Fig. 1 (daily chart)

comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

volumes - downtrend

Candlestick analysis - downtrend

Trend analysis - uptrend

Bollinger bands - downtrend

Weekly chart - downtrend

Conclusion: GBP/USD will continue to decline, from the closing of yesterday's daily candle at 1.3025 to the lower limit of the Bollinger band indicator at 1.2944 (black dotted line). Then, it will go to 1.2997, the 14.6% retracement level (red dotted line).

There is little chance that the pair will dip from 1.3025 (closing of yesterday's daily candle) to the support line at 1.2897 (thick white line), then bounce back to the 14.6% retracement level at 1.2997 (red dotted line).