FX.co ★ Indicator analysis: Daily review of GBP/USD on December 23, 2022

Trend analysis (Fig. 1).

The pound-dollar pair may move upward from the level of 1.2039 (closing of yesterday's daily candle) to 1.2134, the 13-period EMA (thin yellow line). Upon reaching this level, a 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 upward from the level of 1.2039 (closing of yesterday's daily candle) to 1.2134, the 13-period EMA (thin yellow line). Upon reaching this level, a downward movement is possible.

Alternatively, the price may move downward from the level of 1.2039 (closing of yesterday's daily candle) to 1.1946, the 38.2% retracement level (yellow dotted line). Upon reaching this level, the price may move up.