GBP/USD. Technical Analysis on October 20, 2025

[Ben Graham]

Trend Analysis (Fig. 1)On Monday, from the level of 1.3425 (the closing price of Friday's daily candle), the market may begin an upward movement toward 1.3476 — the 38.2% retracement level (blue dashed line). Upon testing this level, the price may begin a downward movement toward 1.3432 — the 50% retracement level (yellow dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

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

Overall conclusion: Upward trend.

Alternative Scenario:

From the level of 1.3425 (the closing price of Friday's daily candle), the price may begin an upward movement toward 1.3432 — the 50% retracement level (yellow dashed line). Upon reaching this level, a downward movement is possible toward 1.3408 — the historical resistance level (blue dashed line).

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