GBP/USD. Technical Analysis on October 29, 2025

[Ben Graham]

Trend Analysis (Fig. 1)On Wednesday, the market may possibly continue moving downward from the level of 1.3271 (yesterday's daily candle close), targeting 1.3232 – a historical support level (blue dashed line). Upon testing this level, the price may rebound upward toward 1.3246 – the lower fractal (daily candle from October 28, 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 – down.

Overall conclusion: downward trend.

Alternative Scenario:

On Wednesday, the market may possibly continue moving downward from the level of 1.3271 (yesterday's daily candle close), targeting 1.3148 – a historical support level (blue dashed line). Upon testing this level, the price may rebound upward toward 1.3225 – the 85.4% retracement level (yellow dashed line).

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