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11.01.202209:35 Forex Analysis & Reviews: Indicator analysis. GBP/USD daily review on January 11, 2022

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Trend analysis (Fig. 1)

GBP / USD may move up on Tuesday, from 1.3574 (closing of yesterday's daily candle) to the historical resistance level at 1.3618 (blue dotted line). After that it will go to 1.3677, which is the 76.4% retracement level (yellow 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

Conclusion: GBP/USD will rise from 1.3574 (closing of yesterday's daily candle) to the historical resistance level at 1.3618 (blue dotted line), then move to 1.3677, which is the 76.4% retracement level (yellow dashed line).

Alternatively, the pair could go up from 1.3574 (closing of yesterday's daily candle) to the historical resistance level at 1.3618 (blue dotted line), then head down to the support line at 1.3584 (yellow bold line).

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