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30.04.202110:40 Forex Analysis & Reviews: Indicator analysis. Daily forecast for GBP/USD pair on April 30, 2021

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Trend analysis (Fig. 1)

The price from the level of 1.3941 (closing of yesterday's daily candle) will attempt to decline today, namely to the target of 1.3837 – the support line (red bold line). Once this line is reached, it may continue to increase to the target of 1.3975 – the upper fractal (daily candle from 04/29/2021).

Figure 1 (daily chart)

Comprehensive analysis:

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

Overall conclusion:

Today, the price from the level of 1.3941 (closing of yesterday's daily candle) will attempt to decline to the target of 1.3837 – the support line (red bold line). After reaching this line, it may continue rising to the target of 1.3975 – the upper fractal (daily candle from 04/29/2021).

Alternatively, the price from the level of 1.3941 (closing of yesterday's daily candle will attempt to resume its growth to the target of 1.4014 – a pullback level of 61.8% (blue dotted line). After reaching this level, it may further rise to the target of 1.4096 – a pullback level of the 76.4% blue dotted line).

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