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18.07.2025 01:14 PM
GBP/USD. Daily Overview on July 18, 2025

Trend Analysis (Fig. 1):

On Friday, the market may continue moving upward from the 1.3412 level (yesterday's daily close), targeting 1.3464 – the 23.6% retracement level (red dashed line). Upon testing this level, a downward movement may follow with a target of 1.3430 – the 85.4% retracement level (yellow dashed 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: bullish trend.

Alternative scenario:The price may start moving upward from the 1.3412 level (yesterday's daily close), targeting 1.3463 – the 8-period EMA (thin red line). Upon testing this line, a downward movement toward 1.3405 – historical support level (blue dashed line), is possible.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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