DeGRAM | GBPUSD will correct from the $1.31 level

Nov 21, 2025

📊 Technical Analysis
● GBP/USD continues to respect the descending resistance line, with each test near 1.3120 creating lower highs and confirming bearish structure.
● Price is compressing between resistance and the rising support line; a rejection from 1.3080–1.3120 increases the likelihood of a breakdown toward 1.3046 and 1.3013.

💡 Fundamental Analysis
● Pound weakens as UK growth signals remain soft and markets expect the BoE to stay cautious while the USD holds firm.

✨ Summary
Resistance: 1.3080–1.3120. Downside targets: 1.3046 → 1.3013. Short-term bearish bias below trendline.

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Nov 24, 2025

Trade closed: target reached

GBPUSD has successfully reached its target!