GBP/USD. Technical Analysis for the Week of November 3–8, 2025

[Ben Graham]

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).

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.

The material has been provided by InstaForex Company - www.instaforex.com