FX.co ★ Indicator analysis of GBP/USD on December 18, 2023

Trend Analysis (Figure 1).

The GBP/USD currency pair may move upward from the level of 1.2675 (closing of Friday's daily candle) to 1.2741, the historical resistance level (blue dashed line). From this level, the price will attempt to continue moving upward, with the target being the upper fractal at 1.2793 (yellow dashed line).

Figure 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.

Overall Conclusion: Today, the price may move upward from the level of 1.2675 (closing of Friday's daily candle) to 1.2741, the historical resistance level (blue dashed line). From this level, the price will attempt to continue moving upward, with the target being the upper fractal at 1.2793 (yellow dashed line).

Alternatively, the price may move upward from the level of 1.2675 (closing of Friday's daily candle) to 1.2741, the historical resistance level (blue dashed line). From this level, the price will attempt to retrace downward.