GBP/USD. Technical Analysis on October 24, 2025

[Ben Graham]

Trend Analysis (Fig. 1)

On Friday, from the 1.3321 level (yesterday's daily candle close), the market may continue moving downward toward the target of 1.3293 — a historical support level (blue dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3304 — the lower fractal (daily candle from October 22, 2025).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis — down
• Fibonacci levels — down
• Volume — down
• Candlestick analysis — down
• Trend analysis — down
• Bollinger Bands — down
• Weekly chart — up

Overall conclusion: Downward trend.

Alternative Scenario:

From the 1.3321 level (yesterday's daily candle close), the price may continue moving downward toward 1.3278 — the 76.4% retracement level (yellow dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3293 — the historical support level (blue dashed line).

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