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Trend analysis (Fig. 1).
The pound-dollar pair may move upward from the level of 1.2368 (closing of yesterday's daily candle) to 1.2407, the 76.4% pullback level (yellow dotted line) When testing this level, a downward movement is possible with the target at 1.2357, the 14.6% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.2368 (closing of yesterday's daily candle) to 1.2407, the 76.4% pullback level (yellow dotted line) When testing this level, a downward movement is possible with the target at 1.2357, the 14.6% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2368 (closing of yesterday's daily candle) to 1.2407, the 76.4% pullback level (yellow dotted line). When testing this level, continued upward movement is possible to 1.2446, the upper fractal (yellow dotted line).
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