28.06.202210:06 Forex Analysis & Reviews: Indicator analysis: Daily review of GBP/USD on June 28, 2022

Trend analysis (Fig. 1).

The pound-dollar pair may move upward from 1.2262 (close of yesterday's daily candle) to the upper fractal at 1.2331 (the daily candle from 06/27/2022). When testing this level, further upward movement is possible to 1.2385, the 61.8% retracement level (red dotted line). From this level, the price may continue to move up.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis – up;
• Fibonacci levels – up;
• Volumes – up;
• Candlestick analysis – down;
• Trend analysis – up;
• Bollinger bands – up;
• Weekly chart – up.

General conclusion:

Today, the price may move upward from 1.2262 (close of yesterday's daily candle) to the upper fractal at 1.2331 (the daily candle from 06/27/2022). When testing this level, further upward movement is possible to 1.2385, the 61.8% retracement level (red dotted line). From this level, the price may continue to move up.

Alternative scenario: from the level of 1.2262 (close of yesterday's daily candle), the price may move upward to the upper fractal at 1.2331 (the daily candle from 06/27/2022). When testing this level, a downward movement is possible to 1.2293, the 23.6% retracement level (yellow dotted line). From this level, the price may move up.