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

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.

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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).

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