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03.11.2025 11:11 AM
GBP/USD. Technical Analysis for the Week of November 3–8, 2025
Trend Analysis.This week, the price from the 1.3151 level (closing of the last weekly candle) may continue moving downward toward the target of 1.2943 – the 50% retracement level (red dashed line). Upon testing this level, the price may rebound upward toward 1.3044 – a historical support level (light blue dashed line).

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Fig. 1 (Weekly Chart).

Comprehensive Analysis:

  • Indicator analysis – downward;
  • Fibonacci levels – downward;
  • Volumes – downward;
  • Candlestick analysis – downward;
  • Trend analysis – downward;
  • Bollinger Bands – downward;
  • Monthly chart – downward.

Overall summary of the weekly GBP/USD candle calculation:The price will most likely show a downward trend during the week, with the first upper shadow forming on the weekly black (bearish) candle (Monday – upward movement), and the second lower shadow forming later (Friday – upward movement).

Alternative scenario:From the 1.3151 level (closing of the last weekly candle), the price may continue moving downward toward 1.2900 – a historical support level (light blue dashed line). Upon reaching this level, a rebound upward toward 1.2943 – the 50% retracement level (red dashed line) – is possible.

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