FX.co ★ GBP/USD. Technical Analysis on November 3, 2025

Trend Analysis (Fig. 1).

On Monday, the market from the 1.3151 level (Friday's daily candle close) may begin moving upward toward the target of 1.3223 – a historical resistance level (light blue dashed line). Upon testing this level, the price may begin moving downward toward the target of 1.3185 – the 5-period EMA (thin red 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 1.3151 level (Friday's daily candle close), the price may begin moving upward toward the target of 1.3219 – the 8-period EMA (thin blue line). Upon reaching this line, a downward movement toward 1.3185 – the 5-period EMA (thin red line) – is possible.