GBP/USD. Technical Analysis on October 21, 2025

Trend Analysis (Fig. 1)On Tuesday, the market, from the 1.3400 level (yesterday's daily candle close), may continue moving downward toward 1.3332 – the lower fractal (red dashed line). Upon testing this level, the price may possibly start moving upward toward 1.3363 – the 61.8% retracement level (yellow dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

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

Overall conclusion: Downward trend.

Alternative scenario: From the 1.3400 level (yesterday's daily candle close), the price may start moving downward toward 1.3363 – the 61.8% retracement level (yellow dashed line). Upon testing this line, the price may possibly start moving upward toward 1.3381 – the 14.6% retracement level (blue dashed line).