empty
 
 

21.09.202109:46 Forex Analysis & Reviews: Indicator analysis. Daily review of GBP/USD for September 21, 2021

Trend analysis (Fig. 1).

The GBP/USD pair may move upward from the level of 1.3651 (closing of yesterday's daily candle) with the target of 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level will lead to further upward movement with the target of 1.3703 - the 23.6% retracement level (yellow dashed line).

Exchange Rates 21.09.2021 analysis

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today, the price may move upward from the level of 1.3651 (closing of yesterday's daily candle) with the target of 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level will lead to further upward movement with the target of 1.3703 - the 23.6% retracement level (yellow dashed line).

Unlikely scenario: the price may move upward from the level of 1.3651 (closing of yesterday's daily candle) with the target of 1.3679 - the 14.6% retracement level (yellow dashed line). A test of this level will lead to continued downward movement with the target of 1.3601 - the lower fractal (blue dashed line), where an upward pullback may form.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.