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The GBP/USD currency pair moved downward on Tuesday, testing the 23.6% pullback level at 1.2639 (yellow dotted line), then moved upward, closing the daily candle at 1.2695. Today, the market may continue to move down. Economic calendar news is expected at 13:15, 15:30, 19:00, and 19:30 UTC (dollar).
Trend analysis (Fig. 1).
On Wednesday, the market may move downward from the level of 1.2695 (closing of yesterday's daily candle) to 1.2667, the 38.2% pullback level (blue dotted line). In the case of testing this level, an upward movement is possible with a target of 1.2690, the 50% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move downward from the level of 1.2695 (closing of yesterday's daily candle) to 1.2667, the 38.2% pullback level (blue dotted line). In the case of testing this level, an upward movement is possible with a target of 1.2690, the 50% pullback level (blue dotted line).
Alternatively, the price may move downward from the level of 1.2695 (closing of yesterday's daily candle) to 1.2667, the 38.2% pullback level (blue dotted line). In the case of testing this level, a continued downward movement is possible with a target of 1.2639, the 23.6% pullback level (yellow dotted line). From this level, the price may move up.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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