FX.co ★ GBP/USD. Technical Analysis on October 20, 2025

Trend Analysis (Fig. 1)On Monday, from the level of 1.3425 (the closing price of Friday's daily candle), the market may begin an upward movement toward 1.3476 — the 38.2% retracement level (blue dashed line). Upon testing this level, the price may begin a downward movement toward 1.3432 — the 50% retracement level (yellow dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

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

Overall conclusion: Upward trend.

Alternative Scenario:

From the level of 1.3425 (the closing price of Friday's daily candle), the price may begin an upward movement toward 1.3432 — the 50% retracement level (yellow dashed line). Upon reaching this level, a downward movement is possible toward 1.3408 — the historical resistance level (blue dashed line).