GBP/USD. Technical Analysis on October 31, 2025

Trend Analysis (Fig. 1)

On Friday, the market may continue moving downward from the 1.3150 level (the closing price of yesterday's daily candle) toward the 1.3115 target — the lower fractal (daily candle from October 30, 2025). Upon testing this level, a pullback movement upward toward 1.3148 is possible — a historical resistance level (blue dotted line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:Indicator analysis – downwardFibonacci levels – downwardVolumes – downwardCandlestick analysis – downwardTrend analysis – downwardBollinger Bands – downwardWeekly chart – upward

Overall conclusion: Downward trend.

Alternative scenario:From the 1.3150 level (the closing price of yesterday's daily candle), the price may continue moving downward toward 1.3089 — the 161.8% target level (red dotted line). Upon testing this level, a pullback upward movement toward 1.3115 — the lower fractal (daily candle from October 30, 2025) — is possible.