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28.11.2025 10:48 AM
GBP/USD. Technical Analysis on November 28, 2025

Trend Analysis (Fig. 1).

On Friday, the market may start moving downward from the level of 1.3237 (yesterday's daily candle close) with a target of 1.3178 — the 23.6% retracement level (blue dashed line). When testing this level, a corrective upward movement is possible with a target of 1.3197 — the 5 EMA (thin red line).

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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 – up

Overall conclusion: downward trend.

Alternative scenario: From the level of 1.3237 (yesterday's daily candle close), the price may begin moving downward with a target of 1.3197 — the 5 EMA (thin red line).

When testing this line, a corrective upward movement is possible with a target of 1.3209 — the lower fractal (daily candle of November 27, 2025).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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