Trend analysis (Fig. 1).

The pound-dollar pair may move down from 1.2338 (closing of yesterday's daily candle) to 1.2294, the 76.4% pullback level (blue dotted line). In the case of testing this level, the price may move up with the target of 1.2352, the 85.4% pullback level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move down from 1.2338 (closing of yesterday's daily candle) to 1.2294, the 76.4% pullback level (blue dotted line). In the case of testing this level, the price may move up with the target of 1.2352, the 85.4% pullback level (blue dotted line).

Alternatively, the price may move down from the level of 1.2338 (closing of yesterday's daily candle) to 1.2264, the 14.6% pullback level (yellow dotted line). In the case of testing this level, the price may move up with the target of 1.2352, the 85.4% pullback level (blue dotted line).