FX.co ★ Indicator analysis: Daily review of GBP/USD on July 18, 2023

Trend analysis (Fig. 1).

The GBP/USD currency pair may move upward from the level of 1.3069 (closing of yesterday's daily candle) to test 1.3141, the upper fractal (blue dotted line). Upon testing this level, the price may continue to move upward to 1.3182, the historical resistance level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - 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 1.3069 (closing of yesterday's daily candle) to test 1.3141, the upper fractal (blue dotted line). Upon testing this level, the price may continue to move upward to 1.3182, the historical resistance level (blue dotted line).

Alternatively, the price may move upward from the level of 1.3069 (closing of yesterday's daily candle) to test 1.3141, the upper fractal (blue dotted line). Upon testing this level, a downward movement is possible to 1.3058, the 14.6% pullback level (blue dotted line).