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FX.co ★ GBP/USD. Technical Analysis on November 24, 2025

GBP/USD. Technical Analysis on November 24, 2025

Trend Analysis (Fig. 1).

On Monday, the market, from the level of 1.3096 (the close of Friday's daily candle), may continue moving upward toward 1.3148 — a historical resistance level (blue dashed line). When testing this level, the price may begin moving downward toward 1.3127 — the support line (red bold line).

GBP/USD. Technical Analysis on November 24, 2025

Fig. 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: upward trend.

Alternative scenario: From the level of 1.3096 (the close of Friday's daily candle), the price may continue moving upward toward 1.3127 — the support line (red bold line). When testing this line, the price may begin moving downward toward 1.3110 — the 161.8% target level (red dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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