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Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2159 (closing of Friday's daily candle) to 1.2215, the 23.6% pullback level (red dotted line). From this level, the price may continue to move up.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move upward from the level of 1.2159 (closing of Friday's daily candle) to 1.2215, the 23.6% pullback level (red dotted line). From this level, the price may continue to move up.
Alternatively, the price may move upward from the level of 1.2159 (closing of Friday's daily candle) to the 1.2231 resistance level (red thick line). Upon reaching this level, a downward movement is possible with a target at 1.2182, the 13-period EMA (yellow thin line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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