FX.co ★ GBP/USD. Technical Analysis on November 17, 2025

Trend Analysis (Fig. 1)

On Monday, from the level of 1.3169 (Friday's daily candle close), the market may continue moving downward toward 1.3110 – the 161.8% target level (red dashed line). Upon testing this level, the price may begin moving upward toward 1.3148 – the historical resistance level (blue dashed line).

Fig. 1 (daily chart).

Comprehensive Analysis:

• indicator analysis – downward
• Fibonacci levels – downward
• volumes – downward
• candlestick analysis – downward
• trend analysis – downward
• Bollinger Bands – downward
• weekly chart – downward

Overall conclusion: downward trend.

Alternative Scenario:

From the level of 1.3169 (Friday's daily candle close), the price may begin moving downward toward 1.3077 – the 176.4% target level (red dashed line). Upon testing this level, the price may begin moving upward toward 1.3110 – the 161.8% target level (red dashed line).