FX.co ★ GBP/USD. Technical Analysis on December 4, 2025

Trend Analysis (Fig. 1)

On Thursday, from the level of 1.3348 (yesterday's daily candle close), the market may begin moving downward toward the target of 1.3282 — the 38.2% retracement level (blue dashed line). From this level, the price may possibly pull back upward toward the target of 1.3293 — a historical resistance level (light blue dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator analysis – down
• Fibonacci levels – down
• Volumes – down
• Candlestick analysis – down
• Trend analysis – down
• Bollinger Bands – down
• Weekly chart – down

Overall Conclusion: Downward trend.

Alternative Scenario:From the level of 1.3348 (yesterday's daily candle close), the price may begin moving downward toward the target of 1.3293 — a historical resistance level (light blue dashed line). From this level, the price may possibly pull back upward.