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

Trend analysis (Fig. 1).

The pound-dollar pair may move down from the level of 1.2835 (close of Friday's daily candle) to the target of 1.2691, the 261.8% Fibonacci retracement level (yellow dotted line). When testing this level, the price may move upward with the target at the historical support level of 1.2739 (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis – down;
• Fibonacci levels – down;
• Volumes – down;
• Candlestick analysis – down;
• Trend analysis – down;
• Bollinger bands – down;
• Weekly chart – down.

General conclusion:

Today, the price may move down from the level of 1.2835 (close of Friday's daily candle) to the target of 1.2691, the 261.8% Fibonacci retracement level (yellow dotted line). When testing this level, the price may move upward with the target at the historical support level of 1.2739 (blue dotted line).

Alternative scenario: from the level of 1.2835 (close of Friday's daily candle), the price may move downward with the target of 1.2689, the 261.8% Fibonacci retracement level (yellow dotted line). From this level, the price may move upward to the lower fractal at 1.2821 (red dotted line).