FX.co ★ GBP/USD. Technical Analysis on November 12, 2025

Trend Analysis (Fig. 1)

On Wednesday, the market may begin moving upward from the 1.3146 level (yesterday's daily candle close) toward the target of 1.3232 — a historical resistance level (blue dashed line). When testing this level, the price may pull back downward toward 1.3217 — the 21-day EMA (black thin line).

Fig. 1 (Daily Chart)

Comprehensive Analysis

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

General conclusion: upward trend.

Alternative Scenario

On Wednesday, the market may begin moving upward from the 1.3146 level (yesterday's daily candle close) toward the target of 1.3217 — the 21-day EMA (black thin line). When testing this line, the price may pull back downward toward 1.3178 — the 23.6% retracement level (blue dashed line).