FX.co ★ GBP/USD. Technical Analysis on November 7, 2025

Trend Analysis (Fig. 1).

On Friday, the market may continue moving upward from the 1.3133 level (yesterday's daily close) with a target of 1.3232 – the historical resistance level (blue dashed line). Upon testing this level, a pullback downward is possible toward 1.3178 – the 23.6% retracement level (blue dashed line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

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

Overall conclusion: Upward trend.

Alternative scenario: From the 1.3133 level (yesterday's daily close), the price may continue moving upward toward 1.3178 – the 23.6% retracement level (blue dashed line). Upon testing this level, a pullback downward is possible toward 1.3148 – the historical resistance level (blue dashed line).