GBP/USD. Technical Analysis on November 21, 2025

Trend Analysis (Fig. 1).On Friday, from the level of 1.3069 (yesterday's daily candle close), the market may begin moving upward with the target of 1.3113 – the 14.6% pullback level (blue dashed line). When testing this level, a downward pullback is possible with a target of 1.3098 – the 8-period EMA (thin blue line).

Fig. 1 (daily chart).

Comprehensive Analysis:

Indicator analysis – upwardFibonacci levels – upwardVolumes – upwardCandlestick analysis – upwardTrend analysis – upwardBollinger Bands – upwardWeekly chart – upwardOverall conclusion: upward trend.

Alternative scenario:From the level of 1.3069 (yesterday's daily candle close), the price may begin moving upward with a target of 1.3148 – a historical resistance level (blue dashed line). When testing this level, a downward pullback movement is possible with a target of 1.3113 – the 14.6% pullback level (blue dashed line).