GBP/USD. Technical Analysis on October 28, 2025

[Ben Graham]

Trend Analysis (Fig. 1).On Tuesday, the market, starting from the level of 1.3333 (yesterday's daily candle close), may continue moving upward toward the target of 1.3389 — the 85.4% retracement level (red dashed line). Upon testing this level, the price may begin moving downward toward 1.3363 — the 61.8% retracement level (yellow dashed line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

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

Overall conclusion: Upward trend.

Alternative scenario:From the level of 1.3333 (yesterday's daily candle close), the price may continue moving upward toward 1.3405 — the historical resistance level (blue dashed line). Upon testing this level, the price may begin moving downward toward 1.3389 — the 85.4% retracement level (red dashed line).

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