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13.04.202108:59 Forex Analysis & Reviews: Indicator analysis. Daily review for the GBP/USD pair on April 13, 2021

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Trend analysis (Fig. 1).

On Tuesday, the market from the level of 1.3735 (closing of yesterday's daily candlestick) will attempt to continue moving upwards to the target set at 1.3773 - the resistance line of the ascending channel (red bold line). After testing this line, it is likely to continue rising with a target of 1.3840 - the resistance line of the descending channel (blue bold line). And upon reaching this line, it may continue to work upward.

Figure 1 (Daily Chart).

Comprehensive analysis:

Indicator analysis - up;
Fibonacci levels - up;
Volumes - up;
Candlestick analysis - up;
Trend analysis - up;
Bollinger lines - up;
Weekly chart - up.

General conclusion:

Today, the price from the level of 1.3735 (closing of yesterday's daily candlestick) will attempt to continue moving upwards to the target set at 1.3773 - the resistance line of the ascending channel (red bold line). After testing this line, it is likely to continue rising to the target set at 1.3840 - the resistance line of the descending channel (blue bold line). And upon reaching this line, it may continue to work upward.

Unlikely scenario: from the level of 1.3735 (closing of yesterday's daily candlestick), the pair will try to continue moving upwards with a target of 1.3773 - the resistance line of the ascending channel (red bold line). After testing this line, it may decline to the target set at 1.3668 - the lower fractal (blue dashed line). And upon testing this level, it is possible to work upwards with a target of 1.3750 - the 14.6% retracement level (red dashed line).

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