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29.11.202109:40 Forex Analysis & Reviews: Indicator analysis. GBP/USD daily review on November 29, 2021

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Trend analysis (Fig. 1)

GBP/USD is likely to climb on Monday, from 1.3333 (closing of Friday's daily candle) to the 38.2% retracement level (blue dotted line) - 1.3637. Then, it will move further up to 1.3395, the 50.0% retracement level (blue dashed 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

General conclusion: GBP/USD will rise from 1.3333 (closing of Friday's daily candle) to the 38.2% retracement level (blue dotted line) - 1.3637. Upon reaching it, the quote will continue climbing to 1.3395, which is the 50.0% retracement level (blue dashed line).

There is a low chance that GBP/USD will decline from 1.3333 (closing of Friday's daily candle) to the support line (yellow bold line) at 1.3273, and then bounce back to 1.3311, which is the 14.6% retracement level (blue dashed line).

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