Trend Analysis
This week, from the level of 1.3478 (closing of the last weekly candle), the price may start moving downward with the target of 1.3270 – the historical support level (blue dotted line). When testing this level, the price may rebound upward with the target of 1.3332 – the lower fractal (weekly candle of September 21, 2025).
Fig. 1 (weekly chart).
Comprehensive Analysis
Indicator analysis – down;Fibonacci levels – down;Volume – down;Candlestick analysis – down;Trend analysis – down;Bollinger Bands – down;Monthly chart – down.Overall conclusion for the GBP/USD weekly chart: The price this week will most likely have a downward tendency, with the absence of an initial upper shadow on the weekly black candle (Monday – down) and the presence of a second lower shadow (Friday – up).
Alternative Scenario: From the level of 1.3478 (closing of the last weekly candle), the price may continue moving downward with the target of 1.3141 – retracement level 38.2% (red dotted line). Upon reaching this level, the price may move upward with the target of 1.3270, the historical support level (blue dotted line).