Trend Analysis:

This week, the price may initially move downward from 1.2921 (last week's closing price) toward 1.2820, which corresponds to the 14.6% retracement level (red dashed line). After testing this level, the price may resume its upward movement, targeting 1.3117, which aligns with the 76.4% retracement level (blue dashed line).

Comprehensive Analysis:

• Indicator Analysis – Up
• Fibonacci Levels – Up
• Volume Analysis – Up
• Candlestick Patterns – Up
• Trend Analysis – Up
• Bollinger Bands – Up
• Monthly Chart – Up

Conclusion: The overall market outlook is bullish.

Projected Weekly Candle Formation for GBP/USD:

The pair is expected to follow a bullish trend, forming a white weekly candle with an initial lower shadow on Monday (downward movement) and a final upper shadow on Friday (downward retracement).

Alternative Scenario:

If the pair moves downward from 1.2921 (last week's closing price), it may reach 1.2743 (the 23.6% retracement level, red dashed line). Upon testing this level, the price may resume its upward movement toward 1.3117, which aligns with the 76.4% retracement level (blue dashed line).