FX.co ★ GBP/USD. Technical Analysis on October 23, 2025

Trend Analysis (Fig. 1)On Thursday, the market may continue moving down from the 1.3351 level (the closing price of yesterday's daily candle) toward the target of 1.3293 – a historical support level (light blue dotted line). From this level, the price may rebound upward toward 1.3322 – the lower fractal (blue dotted line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

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

Overall conclusion: downward trend.

Alternative Scenario

From the 1.3351 level (the closing price of yesterday's daily candle), the price may continue moving down toward 1.3322 – the lower fractal (blue dotted line). From this level, the price may rebound upward toward 1.3332 – the lower fractal (red dotted line).