FX.co ★ GBP/USD. Technical Analysis on December 2, 2025

Trend Analysis (Fig. 1)

On Tuesday, from the level of 1.3208 (yesterday's daily candle close), the market may continue moving downward toward the target of 1.3148 — a historical resistance level (light-blue dashed line). When testing this level, the price may possibly begin moving upward toward 1.3178 — the 23.6% retracement level (blue dashed line).

Fig. 1 (daily chart)

Comprehensive Analysis:

• indicator analysis — down
• volume analysis — down
• candlestick analysis — down
• trend analysis — down
• Bollinger Bands — down
• weekly chart — down

Overall conclusion: a downward trend.

Alternative scenario:From the level of 1.3208 (yesterday's daily candle close), the price may continue moving downward toward 1.3178 — the 23.6% retracement level (blue dashed line). Upon testing this level, the price may possibly begin moving upward toward 1.3192 — the 21-period EMA (thin black line).