GBPUSD Wave Analysis – 6 October 2026

GBPUSD: ⬆️ Buy

– GBPUSD reversed from key support level 1.3185

– Likely to rise to resistance level 1.3300

GBPUSD currency pair recently reversed up from the support zone between the key support level 1.3185 (which stopped wave (A) at the end of March and wave (C) at the end of June) and the lower daily Bollinger Band.

The upward reversal from this support zone completed the sharp downward ABC correction (2) from the end of August.

Given the strength of the support level 1.3185 and the oversold daily Stochastic oscillator, GBPUSD currency pair can be expected to rise further toward the next resistance level 1.3300 – former minor reversal high from the end of last month.