FPG GBPUSD Market Report October 30, 2025

GBP/USD remains under bearish control, traded around 1.3204 after extending its decline within a descending channel on the H4 timeframe. Despite brief attempts to rebound from intraday lows, the pair continues to struggle below the 1.3260–1.3360 resistance zone. The overall sentiment remains weak as market participants favor the U.S. dollar amid resilient U.S. macro data and cautious risk appetite heading into the month’s close.

Technically, GBP/USD continues to respect its downward channel structure, with lower highs confirming sustained bearish pressure. Price movement remains well below the midline of the Bollinger Bands, and repeated rejection from the 61.8% Fibonacci retracement level near 1.3366 adds weight to the ongoing downtrend. The candles have tested the lower Bollinger boundary several times, suggesting the market is attempting to stabilize near short-term demand zones but without clear reversal confirmation.

Momentum readings confirm continued bearish bias. The MACD (12,26,9) shows a widening negative histogram at -0.00396, signaling strengthening downside momentum, while the Acceleration/Deceleration (AC) indicator remains below zero at -0.00187, indicating persistent bearish acceleration. These indicators together imply that the current rebound attempts may be corrective rather than a sustained recovery.

Market Observation & Strategy Advice
1. Current Position: GBP/USD is traded around 1.3204, maintaining its bearish trajectory within a descending channel.
2. Resistance Zone: The nearest resistance stands at 1.3366, near the 61.8% Fibonacci level and upper channel boundary. A break above this level is needed to invalidate the current bearish structure.
3. Support Zone: Immediate support is seen at 1.3139, representing the latest swing low; a clear break below may trigger an extended fall toward 1.3070.
4. Indicators: MACD and AC both remain negative, confirming that momentum is still aligned to the downside, though temporary pullbacks may occur. As long as price action remains below 1.3260, the broader bias stays bearish, with sellers expected to re-enter on minor rallies.
5. Trading Strategy Suggestions:

• Sell on Rebound: Consider short positions near 1.3250–1.3270 with confirmation of bearish candlestick rejection.
• Buy on Dip: Limited long opportunities may arise near 1.3139, only if price forms a double-bottom or bullish divergence on the lower timeframe.
• Risk Management: Maintain stop-loss above 1.3366 for shorts, and below 1.3100 for potential long scalps.

Market Performance:
Forex           Last Price       % Change
EUR/USD       1.1615                +0.12%
USD/JPY       152.54              −0.12%

Today’s Key Economic Calendar:
US: Fed Interest Rate Decision
US: Fed Press Conference
KR: US President Trump – China President XI Meeting
JP: BoJ Interest Rate Decision
FR: GDP Growth Rate QoQ & YoY Prel
DE: GDP Growth Rate QoQ & YoY Flash
EU: GDP Growth Rate QoQ & YoY Flash
US: GDP Growth Rate QoQ Adv
DE: Inflation Rate YoY Prel
EU: Deposit Facility Rate
EU: ECB Interest Rate Decision
EU: ECB Press Conference