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13.10.202109:59 Forex Analysis & Reviews: Analysis of indicators in GBP/USD. Daily review dated October 13, 2021

Trend analysis (Fig. 1)

GBP / USD may move from 1.3584 (closing of yesterday's daily candle) to the 50.0% retracement level (yellow dashed line) - 1.3660. Then, it will be followed with another rise to the 61.8% retracement level (yellow dashed line) - 1.3719.

Exchange Rates 13.10.2021 analysis

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger bands - up;

- Weekly chart - up.

General conclusion: GBP/USD may rise today from 1.3584 (closing of yesterday's daily candle) to the 50.0% retracement level (yellow dashed line) - 1.3660. Afterwards, it will climb to the 61.8% retracement level (yellow dashed line) - 1.3719.

Unlikely scenario: After rising from 1.3584 (closing of yesterday's daily candle) to 1.3660 (50.0% retracement level; yellow dashed line), GBP/USD will drop to 1.3572, which is the 38.2% retracement level (blue dashed line).

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Stefan Doll,
انسٹافاریکس کا تجزیاتی ماہر
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