GBP/USD. Technical Analysis for the Week of December 1–6

[Ben Graham]

Trend Analysis

This week, from the level of 1.3232 (the close of the last weekly candle), the price may begin moving downward toward 1.3012 — the historical resistance level (blue dashed line). When testing this level, the price may rebound upward toward 1.3079 — the lower fractal (weekly candle of November 23, 2025).

Fig. 1 (Weekly Chart).

Comprehensive Analysis:

• Indicator analysis — downward
• Fibonacci levels — downward
• Volume — downward
• Candlestick analysis — downward
• Trend analysis — downward
• Bollinger Bands — downward
• Monthly chart — downward

Conclusion from comprehensive analysis: downward movement.

Overall Summary for the Weekly GBP/USD Candle:

The price will most likely show a downward trend throughout the week, with the weekly bearish candle lacking the first upper shadow (Monday — down) and having the second lower shadow (Friday — up).

Alternative Scenario:

From the level of 1.3232 (the close of the last weekly candle), the price may begin moving downward toward 1.3141 — the 38.2% retracement level (red dashed line). Upon reaching this level, the price may move upward toward 1.3210 — the 8-period EMA (thin blue line).

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