25.01.202310:30 Forex Analysis & Reviews: Indicator analysis: Daily review of GBP/USD on January 25, 2023

Trend analysis (Fig. 1).

The pound-dollar pair may move downward from the level of 1.2335 (closing of yesterday's daily candle) to the 1.2210 support level (thick blue line). In the case of testing this level, the price may move up.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - down;
• Trend analysis - down;
• Weekly chart - down;
• Bollinger Bands - up.

General conclusion:

Today, the price may move downward from the level of 1.2335 (closing of yesterday's daily candle) to the 1.2210 support level (thick blue line). In the case of testing this level, the price may move up.

Alternatively, the price may move downward from the level of 1.2335 (closing of yesterday's daily candle) to 1.2275, the 13-period EMA (thin yellow line). In the case of testing this level, the price may move up.