Indicator Analysis. Daily review for the GBP/USD currency pair 02/15/21

Trend Analysis (Fig. 1).

Today, the market may continue to move up from the level of 1.3845 (the closing of Friday's daily candle) with the target of 1.3936 at the upper limit of the Bollinger Line Indicator (the black dotted line). When testing this line, there will be a continuation of the upward movement with the target of 1.4376 at the upper fractal (yellow dotted line).

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Figure 1 (daily chart).

Comprehensive Analysis:

- Indicator Analysis - up

- Fibonacci Levels - up

- Volumes – up

- Candlestick Analysis – up

- Trend Analysis - up

- Bollinger Bands - up

- Weekly Schedule - up

General Conclusions :

Today, the price may start moving up with the target of 1.3936 at the upper limit of the Bollinger Line indicator (the black dotted line). When testing this line, there will be a continuation of the upward movement with the target of 1.4376 at the upper fractal (yellow dotted line).

Unlikely scenario: from the level of 1.3845 (the closing of Friday's daily candle), the price may continue to start moving up with the target of 1.3936 at the upper limit of the Bollinger Line Indicator (the black dotted line). When testing this line, it will go down with a target of 1.3769-13 average EMA (yellow thin line)

The material has been provided by InstaForex Company - www.instaforex.com

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