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08.08.2025 10:57 AM
GBP/USD. Indicator analysis on August 8, 2025

Trend analysis (Fig. 1).

On Friday, from the level of 1.3440 (yesterday's daily candle close), the market may start moving downward toward 1.3378 — the 23.6% retracement level (yellow dashed line). Upon testing this level, the price may move upward toward 1.3452 — the upper fractal (yellow dashed line).

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

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

Overall conclusion: Downward trend.

Alternative scenario: From the level of 1.3440 (yesterday's daily candle close), the price may continue moving downward toward 1.3406 — the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may move upward toward 1.3452 — the upper fractal (yellow dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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