FX.co ★ GBP/USD. Indicator Analysis on August 6, 2025

Trend Analysis (Fig. 1)

On Wednesday, from the 1.3296 level (yesterday's daily candle close), the market may continue moving upward toward the target at 1.3338 — the 38.2% retracement level (red dashed line). If this level is tested, the price may continue its upward movement toward the 1.3364 target — the upper fractal (blue dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

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

Overall conclusion: upward trend.

Alternative scenario: On Wednesday, from the 1.3296 level (yesterday's daily candle close), the market may continue moving upward toward the 38.2% retracement level at 1.3338 (red dashed line). If this level is tested, the price may retrace downward toward the target of 1.3314 — the 8 EMA (thin blue line).