GBP/USD. Technical Analysis on October 7, 2025

[Ben Graham]

Trend Analysis (Fig. 1).

On Tuesday, from the level of 1.3482 (yesterday's daily candle close), the market may begin moving downward toward the target of 1.3417 – the 23.6% retracement level (blue dotted line). Upon testing this level, the price may possibly start moving upward, targeting the 50% retracement level at 1.3432 (yellow dotted line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

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

General conclusion: Downward trend.

Alternative scenario: From the level of 1.3482 (yesterday's daily candle close), the price may begin moving downward toward the target of 1.3425 – the 76.4% retracement level (red dotted line). Upon testing this line, the price may possibly start moving upward, targeting the 50% retracement level at 1.3432 (yellow dotted line).

The material has been provided by InstaForex Company - www.instaforex.com