GBP/USD Currency Pair Analysis for October 9, 2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

October 9, 2026

GBP/USD

The trend is bearish. The currency pair is trading between the 365 and 135 EMAs. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions. The upward wave pattern is truncated.

Trading idea:

Sell upon the formation of a downward wave pattern where wave (A) breaks the trendline of the truncated upward pattern.

Stop Loss: 1.3250.

Target levels: 1.3218; 1.3187.