FX.co ★ Indicator analysis: Daily review of GBP/USD on June 14, 2023

Trend analysis (Fig. 1).

The GBP/USD currency pair may move downward from the level of 1.2607 (closing of yesterday's daily candle) to 1.2577, the 14.6% pullback level (blue dotted line). In the case of testing this level, further downward movement is possible to 1.2448, the 85.4% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.2607 (closing of yesterday's daily candle) to 1.2577, the 14.6% pullback level (blue dotted line). In the case of testing this level, further downward movement is possible to 1.2448, the 85.4% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.2607 (closing of yesterday's daily candle) to 1.2577, the 14.6% pullback level (blue dotted line). In case of testing this level, the price may move up with the target at 1.2678, the upper fractal (red dotted line).