FX.co ★ Indicator Analysis: Daily Review for GBP/USD on February 24, 2025

Trend Analysis (Fig. 1)

On Monday, the market may rise from 1.2632 (Friday's closing price) toward 1.2734, the upper boundary of the Bollinger Bands (black dotted line). From this level, the price could begin a pullback downward toward 1.2689, which represents the upper fractal level (red dotted line).

Comprehensive Analysis

• Indicator Analysis: Bullish
• Fibonacci Levels: Bullish
• Volume Analysis: Bullish
• Candlestick Analysis: Bullish
• Trend Analysis: Bullish
• Bollinger Bands: Bullish
• Weekly Chart Outlook: Bullish

General Conclusion: Uptrend Expected

The overall market outlook suggests a continued upward movement.

Alternative Scenario

If the price rises from 1.2632 to 1.2689 (upper fractal, red dotted line), it may then reverse downward toward 1.2636, which aligns with the 14.6% Fibonacci retracement level (red dotted line).