GBP/USD. Technical Analysis on September 30, 2025

[Ben Graham]

Trend Analysis (Figure 1)

On Tuesday, the market may continue to move upward from the level of 1.3423 (yesterday's daily candlestick close), targeting 1.3476 – the 38.2% retracement level (blue dashed line). Upon testing this level, the price may begin to move downward, targeting 1.3449 – the 8-period EMA (thin blue line).

Figure 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 1.3423 (yesterday's daily candlestick close), the price may continue to move upward, targeting 1.3448 – the 8-period EMA (thin blue line). Upon testing this level, the price may begin to move downward, targeting 1.3417 – the 23.6% retracement level (blue dashed line).

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