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Trend analysis (Fig. 1)
GBP / USD will try to move up this Monday, from 1.3259 (closing of yesterday's daily candle) to the 23.6% retracement level (yellow dashed line) - 1.3344. Then, it will go further up to 1.3371, which is the 21-day EMA (black thin line).
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
Weekly chart - uptrend
Conclusion: GBP/USD will rise from 1.3259 (closing of yesterday's daily candle) to the 23.6% retracement level (yellow dashed line) - 1.3344. Upon reaching it, the quote will continue climbing to 1.3371, which is the 21-day EMA (black thin line).
There is a low chance that GBP/USD will move from 1.3259 (closing of yesterday's daily candle) to the 14.6% retracement level (yellow dashed line) - 1.3287, and then go down to 1.3184, which is the lower fractal (yellow dashed line).
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