FX.co ★ GBP/USD. Technical Analysis on November 6, 2025

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).