Trend analysis.
This week, from the level of 1.3556 (the closing of the last weekly candle), the price may continue moving upward toward 1.3787 – the upper fractal (red dashed line). Upon testing this level, the price may retrace downward toward 1.3658 – the upper fractal (weekly candle of July 6, 2025).
Fig. 1 (weekly chart).
Comprehensive analysis:
- Indicator analysis – upward;
- Fibonacci levels – upward;
- Volumes – upward;
- Candlestick analysis – upward;
- Trend analysis – upward;
- Bollinger Bands – upward;
- Monthly chart – upward.
Conclusion from comprehensive analysis: upward trend.
Overall summary of GBP/USD weekly candle calculation: during the week, the price is most likely to show an upward trend with the absence of a lower shadow on the weekly white candle (Monday – upward) and the presence of an upper shadow (Friday – downward).
Alternative scenario: from the level of 1.3556 (the closing of the last weekly candle), the price may continue moving upward toward 1.3658 – the upper fractal (weekly candle of July 6, 2025). Upon reaching this level, the price may then move downward toward 1.3579 – the historical support level (blue dashed line).