FX.co ★ GBP/USD. Technical Analysis on November 26, 2025

Trend Analysis (Fig. 1).

On Wednesday, from the level of 1.3161 (yesterday's daily candle close), the market may possibly continue its upward movement toward 1.3232 — the historical resistance level (light blue dashed line). Upon testing this level, the price may pull back downward toward 1.3178 — the 23.6% pullback level (blue dashed 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

Overall conclusion: upward trend.

Alternative scenario: On Wednesday, from the level of 1.3161 (yesterday's daily candle close), the market may possibly continue moving upward toward 1.3213 — the upper fractal (daily candle of November 25, 2025). Upon testing this level, the price may pull back downward toward 1.3178 — the 23.6% pullback level (blue dashed line).