03.10.202511:16 Forex Analysis & Reviews: GBP/USD. Technical Analysis on October 3, 2025

Trend Analysis (Fig. 1).

On Friday, from the level of 1.3436 (yesterday's daily candle close), the market may begin upward movement toward the target of 1.3501 – the 38.2% retracement level (yellow dashed line). When testing this level, a corrective downward move toward 1.3482 – the 61.8% retracement level (red dashed line) – is possible.

Fig. 1 (daily chart).

Comprehensive Analysis:

• Indicator analysis – upward;
• Fibonacci levels – upward;
• Volumes – upward;
• Candlestick analysis – downward;
• Trend analysis – upward;
• Bollinger Bands – downward;
• Weekly chart – upward.

Overall conclusion: upward trend.

Alternative Scenario: From the level of 1.3436 (yesterday's daily candle close), the price may begin upward movement toward the target of 1.3482 – the 61.8% retracement level (red dashed line).

When testing this level, a corrective downward move toward 1.3473 – the 21-period EMA (thin black line) – is possible.