GBP/USD. Technical Analysis on November 4, 2025

[Ben Graham]

Trend Analysis (Fig. 1).On Tuesday, the market from the level of 1.3136 (the close of yesterday's daily candle) may begin moving downward toward the target of 1.3077 — the 176.4% target level (red dashed line). When testing this level, the price may possibly begin an upward movement toward 1.3148 — a historical resistance level (blue dashed line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

• Indicator analysis – downward;
• Volume – downward;
• Candlestick analysis – downward;
• Trend analysis – downward;
• Bollinger Bands – downward;
• Weekly chart – downward.

Overall conclusion: Downward trend.

Alternative scenario: From the level of 1.3136 (the close of yesterday's daily candle), the price may begin moving downward toward 1.3110 — the 161.8% target level (red dashed line). When testing this level, the price may possibly begin an upward movement toward 1.3187 — the 14.6% retracement level (blue dashed line).

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