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Trend analysis (Fig. 1).
The pound-dollar pair may move downward from the level of 1.1986 (closing of yesterday's daily candle) to 1.1928, the 85.4% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.1982, the 76.4% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move downward from the level of 1.1986 (closing of yesterday's daily candle) to 1.1928, the 85.4% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.1982, the 76.4% pullback level (blue dotted line).
Alternatively, the price may move downward from the level of 1.1986 (closing of yesterday's daily candle) to 1.1904, the historical support level (blue dotted line). Upon reaching this level, the price may move up.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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