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FX.co ★ GBP/USD. Technical Analysis for the Week of December 1–6

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Forex Analysis:::2025-12-01T08:47:09

GBP/USD. Technical Analysis for the Week of December 1–6

Trend Analysis

This week, from the level of 1.3232 (the close of the last weekly candle), the price may begin moving downward toward 1.3012 — the historical resistance level (blue dashed line). When testing this level, the price may rebound upward toward 1.3079 — the lower fractal (weekly candle of November 23, 2025).

GBP/USD. Technical Analysis for the Week of December 1–6

Fig. 1 (Weekly Chart).

Comprehensive Analysis:

  • Indicator analysis — downward
  • Fibonacci levels — downward
  • Volume — downward
  • Candlestick analysis — downward
  • Trend analysis — downward
  • Bollinger Bands — downward
  • Monthly chart — downward

Conclusion from comprehensive analysis: downward movement.

Overall Summary for the Weekly GBP/USD Candle:

The price will most likely show a downward trend throughout the week, with the weekly bearish candle lacking the first upper shadow (Monday — down) and having the second lower shadow (Friday — up).

Alternative Scenario:

From the level of 1.3232 (the close of the last weekly candle), the price may begin moving downward toward 1.3141 — the 38.2% retracement level (red dashed line). Upon reaching this level, the price may move upward toward 1.3210 — the 8-period EMA (thin blue line).

Analyst InstaForex
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