FX.co ★ Indicator analysis: Daily review of GBP/USD on September 6, 2023

Trend analysis (Fig. 1).

The GBP/USD currency pair may move upward from the level of 1.2560 (closing of yesterday's daily candle) to 1.2583, the 14.6% pullback level (red dotted line). In the case of testing this level, the price may continue to move upwards to 1.2606, the 23.6% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

Overall conclusion: Today, the price may move upward from the level of 1.2560 (closing of yesterday's daily candle) to 1.2583, the 14.6% pullback level (red dotted line). In the case of testing this level, the price may continue to move upwards to 1.2606, the 23.6% pullback level (red dotted line).

Alternatively, the price may move upward from the level of 1.2560 (closing of yesterday's daily candle) to 1.2583, the 14.6% pullback level (red dotted line). In the case of testing this level, the price may move downward to 1.2524, the historical support level (red dotted line).