FX.co ★ GBP/USD. Indicator Analysis and Daily Review on August 4, 2025

On Monday, from the 1.3278 level (Friday's daily candle close), the market may initiate a corrective move downward, targeting 1.3243 – the 14.6% retracement level (red dotted line). Upon testing this level, the price may resume upward movement toward 1.3337 – the 38.2% retracement level (red dotted line). Upon reaching this level, a potential pullback may occur toward 1.3318 – the 8-period EMA (thin blue line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

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

Overall Conclusion: Upward trend.

Alternative Scenario: From the 1.3278 level (Friday's daily candle close), the price may start a corrective move downward toward 1.3243 – the 14.6% retracement level (red dotted line). Upon testing this level, the price may continue upward toward 1.3364 – the upper fractal (blue dotted line). After reaching this level, a potential pullback may occur toward 1.3338 – the 38.2% retracement level (red dotted line).