FX.co ★ GBP/USD. Technical Analysis on November 19, 2025

Trend Analysis (Fig. 1).

On Wednesday, the market may begin moving upward from the 1.3141 level (yesterday's daily candle close), targeting 1.3194 — the 21-period EMA (thin black line). When testing this line, the price may pull back downward toward 1.3178 — the 23.6% retracement level (blue dashed line).

Figure 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: an upward trend.

Alternative scenario: On Wednesday, the market may begin moving upward from the 1.3141 level (yesterday's daily candle close), targeting 1.3232 — a historical resistance level (blue dashed line). When testing this line, the price may pull back downward toward 1.3194 — the 21-period EMA (thin black line).