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02.09.2025 09:53 AM
GBP/USD. Indicator Analysis on September 2, 2025

Trend Analysis (Fig. 1).

On Tuesday, the market, from the level of 1.3540 (yesterday's daily close), may begin moving downward, targeting 1.3486 – the 23.6% retracement level (yellow dotted line). Upon testing this level, the price may possibly move upward, targeting 1.3505 – the 8-period EMA (thin blue line).

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Fig. 1 (daily chart).

Comprehensive Analysis:

  • Indicator analysis – 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 1.3540 (yesterday's daily close), the price may begin moving downward, targeting 1.3476 – the 21-period simple moving average (black dotted line). Upon testing this line, the price may possibly move upward, targeting 1.3486 – the 23.6% retracement level (yellow dotted line).

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