FX.co ★ GBP/USD. Technical Analysis on December 3, 2025

Trend Analysis (Fig. 1).

On Wednesday, the market may continue moving upward from the 1.3207 level (yesterday's daily candle close) toward the target of 1.3282 — the 38.2% pullback level (blue dotted line). When testing this level, the price may pull back downward toward the target of 1.3274 — the upper fractal (daily candle of December 1, 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: On Wednesday, the market may continue moving upward from the 1.3207 level (yesterday's daily candle close) toward the target of 1.3293 — a historical resistance level (light blue dotted line). When testing this level, the price may pull back downward toward the target of 1.3282 — the 38.2% pullback level (blue dotted line).