24.02.202510:30 Forex Analysis & Reviews: Indicator Analysis: Daily Review for GBP/USD on February 24, 2025

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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).

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