FX.co ★ Indicator analysis: Daily review of GBP/USD on September 25, 2023

Trend analysis (Fig. 1).

The GBP/USD currency pair may move upward from the level of 1.2236 (closing of Friday's daily candle) with a target of 1.2306, the 14.6% pullback level (red dotted line). Upon reaching this level, the price may move down.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.2236 (closing of Friday's daily candle) with a target of 1.2306, the 14.6% pullback level (red dotted line). Upon reaching this level, the price may move down.

Alternatively, the price may move upward from the level of 1.2236 (closing of Friday's daily candle) with a target of 1.2306, the 14.6% pullback level (red dotted line). Upon reaching this level, a continued upward movement is possible with a target of 1.2352, the 23.6% pullback level (red dotted line).