Trend analysis (Fig. 1). The GBP/USD currency pair may move downward from the level of 1.2693 (closing of Friday's daily candle) with the target at 1.2640, the 38.2% pullback level (blue dotted line).
Upon reaching this level, an upward movement is possible with the target of 1.2688, the 38.2% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - down;
Fibonacci levels - down;
Volumes - down;
Candlestick analysis - down;
Trend analysis - down;
Bollinger bands - up;
Weekly chart - down.
Today, the price may move downward from the level of 1.2693 (closing of Friday's daily candle) with the target at 1.2640, the 38.2% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.2688, the 38.2% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.2693 (closing of Friday's daily candle) with the target at 1.26