GBP/USD. Technical Analysis on October 24, 2025

Trend Analysis (Fig. 1)

On Friday, from the 1.3321 level (yesterday's daily candle close), the market may continue moving downward toward the target of 1.3293 — a historical support level (blue dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3304 — the lower fractal (daily candle from October 22, 2025).

Fig. 1 (Daily Chart)

Comprehensive Analysis:Indicator analysis — downFibonacci levels — downVolume — downCandlestick analysis — downTrend analysis — downBollinger Bands — downWeekly chart — up

Overall conclusion: Downward trend.

Alternative Scenario:

From the 1.3321 level (yesterday's daily candle close), the price may continue moving downward toward 1.3278 — the 76.4% retracement level (yellow dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.3293 — the historical support level (blue dashed line).