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04.08.2025 10:28 AM
GBP/USD. Indicator Analysis and Daily Review on August 4, 2025
ট্রেডিং অ্যাকাউন্ট খুলুন ডেমো অ্যাকাউন্ট খুলুন
অর্থ জমা
অর্থ উত্তোলন
On Monday, from the 1.3278 level (Friday's daily candle close), the market may initiate a corrective move downward, targeting 1.3243 – the 14.6% retracement level (red dotted line). Upon testing this level, the price may resume upward movement toward 1.3337 – the 38.2% retracement level (red dotted line). Upon reaching this level, a potential pullback may occur toward 1.3318 – the 8-period EMA (thin blue line).

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Fig. 1 (Daily Chart)

Comprehensive Analysis:

  • Indicator analysis – upward
  • Fibonacci levels – upward
  • Volume analysis – upward
  • Candlestick analysis – upward
  • Trend analysis – upward
  • Bollinger Bands – upward
  • Weekly chart – upward

Overall Conclusion: Upward trend.

Alternative Scenario: From the 1.3278 level (Friday's daily candle close), the price may start a corrective move downward toward 1.3243 – the 14.6% retracement level (red dotted line). Upon testing this level, the price may continue upward toward 1.3364 – the upper fractal (blue dotted line). After reaching this level, a potential pullback may occur toward 1.3338 – the 38.2% retracement level (red dotted line).

Stefan Doll,
Analytical expert of InstaTrade
© 2007-2025

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