GBP/USD. Technical Analysis on October 6, 2025

[Ben Graham]

Trend Analysis (Fig. 1).

On Monday, from the 1.3478 level (Friday's daily candle close), the market may begin a downward move targeting 1.3405 – a historical support level (blue dotted line). When testing this level, the price may possibly begin an upward move toward 1.3416 – the 23.6% retracement level (blue dotted line).

Fig. 1 (Daily chart).

Comprehensive Analysis:

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

Overall conclusion: Downward trend.

Alternative scenario: From the 1.3478 level (Friday's daily candle close), the price may begin a downward move targeting 1.3389 – the 85.4% retracement level (red dotted line). When testing this level, a possible corrective upward move may occur toward 1.3405 – a historical resistance level (blue dotted line).

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