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07.08.2025 10:10 AM
GBP/USD. Indicator Analysis on August 7, 2025

Trend Analysis (Fig. 1)

On Thursday, from the level of 1.3353 (yesterday's daily close), the market may continue moving upward toward the 76.4% retracement level at 1.3416 (blue dotted line). From this level, the price may pull back downward toward 1.3385 – the 50% retracement level (red dotted line).

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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 1.3353 (yesterday's daily close), the price may continue to rise toward 1.3416 – the 76.4% retracement level (blue dotted line). From this level, the price may extend its upward movement toward 1.3433 – the 61.8% retracement level (red dotted line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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