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22.07.2025 10:19 AM
GBP/USD. Indicator Analysis on July 22, 2025

Trend Analysis (Fig. 1)

On Tuesday, the market may begin to move downward from the 1.3489 level (closing of the previous daily candle), targeting the 23.6% pullback level at 1.3465 (red dashed line). Upon testing this level, the price may resume upward movement toward the 38.2% pullback level at 1.3525 (red dashed line).

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Fig. 1 (Daily Chart)

Composite Analysis:

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

General Conclusion: Upward trend

Alternative Scenario:

From the 1.3489 level (closing of the previous daily candle), the price may begin to move downward toward the 8-period EMA at 1.3456 (thin red line). Upon testing this line, the price may start rising toward the 61.8% pullback level at 1.3529 (yellow dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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