GBP/USD. Technical Analysis on November 6, 2025

[Ben Graham]

Trend Analysis (Fig. 1).

On Thursday, the market, from the level of 1.3046 (yesterday's daily candle close), may continue moving upward toward the target of 1.3110 – the 161.8% target level (red dotted line). From this level, the price may possibly pull back downward toward 1.3077 – the 176.4% target level (red dotted line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

• Indicator analysis – upward;
• Fibonacci levels – upward;
• Volumes – upward;
• Candlestick analysis – upward;
• Trend analysis – upward;
• Bollinger Bands – upward;
• Weekly chart – upward.

Overall conclusion: upward trend.

Alternative scenario: From the level of 1.3046 (yesterday's daily candle close), the price may continue moving upward toward the target of 1.3148 – a historical resistance level (blue dotted line). From this level, the price may possibly pull back downward toward 1.3110 – the 161.8% target level (red dotted line).

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