GBP/USD. Technical Analysis on October 1, 2025

[Ben Graham]

Trend Analysis (Fig. 1).

On Wednesday, the market from the level of 1.3441 (yesterday's daily candle close) may possibly continue moving upward with the target at 1.3482 – the 61.8% retracement level (red dashed line). When testing this level, the price may roll back downward with the target at 1.3417 – the 23.6% retracement level (blue dashed line).

Fig. 1 (daily chart).

Comprehensive Analysis:

• Indicator analysis – upward;
• Fibonacci levels – upward;
• Volumes – downward;
• Candlestick analysis – downward;
• Trend analysis – upward;
• Bollinger Bands – upward;
• Weekly chart – upward.

General conclusion: upward trend.

Alternative scenario: On Wednesday, the market from the level of 1.3441 (yesterday's daily candle close) may possibly continue moving upward with the target at 1.3501 – the 38.2% retracement level (yellow dashed line). When testing this level, the price may roll back downward with the target at 1.3417 – the 23.6% retracement level (blue dashed line).

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