GBP/USD. Technical Analysis on September 26, 2025

[Ben Graham]

Trend Analysis (Fig. 1)

On Friday, the market may continue moving downward from the 1.3340 level (yesterday's daily candle close), targeting 1.3293 – a historical support level (blue dashed line). Upon testing this level, a corrective upward movement is possible, with a target of 1.3322 – the lower fractal (daily candle from September 25, 2025).

Fig. 1 (daily chart)

Comprehensive Analysis:

• Indicator analysis – down;
• Fibonacci levels – down;
• Volumes – down;
• Candlestick analysis – down;
• Trend analysis – down;
• Bollinger Bands – down;
• Weekly chart – up.

Overall Conclusion: Downward trend.

Alternative Scenario:

The price from the 1.3340 level (yesterday's daily candle close) may continue to move lower, targeting 1.3278 – the 76.4% retracement level (yellow dashed line). Upon testing this level, a corrective upward movement is possible, targeting 1.3293 – the historical support level (blue dashed line).

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