21-day EMA
Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from 1.2722 (closing of yesterday's daily candle) to the target level at 1.2747, the 21-day EMA (black thin line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% pullback level (blue dotted line).
Fig. 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.
General conclusion:
Today, the price may rise from 1.2722 (closing of yesterday's daily candle) to the target level at 1.2747, the 21-day EMA (black thin line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% pullback level (blue dotted line). Alternatively, the price may rise from 1.2722 (closing of yesterday's daily candle) to the target level at 1.2747, the 21-day EMA (black thin line).
In the case of testing
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