GBP/USD Technical Analysis – November 7, 2025British Pound/US DollarFX:GBPUSDHenrybillionThe British Pound has recently formed a rounded bottom (cup pattern) on the 1H timeframe, signaling potential bullish continuation if momentum sustains above the neckline area near 1.3120–1.3140. Technical overview: The EMA(9) is currently trending upward around 1.3129, providing short-term dynamic support. The price has broken through the neckline resistance near 1.3120, retested, and is now attempting to resume the uptrend. The bullish target for this structure sits around 1.3165–1.3180, which aligns with previous supply and Fibonacci 0.618 retracement of the last major downswing. A failure to hold above 1.3100 would invalidate this bullish setup and could trigger a pullback toward 1.3060. Trading plan: Buy Zone: 1.3110–1.3120 (confirmation from lower-timeframe bullish candles recommended) Take Profit (TP): 1.3165–1.3180 Stop Loss (SL): below 1.3100 Risk-reward ratio: approximately 1:2 Market sentiment: The pair is gaining strength following improved risk appetite and softer U.S. yields, but traders should remain cautious ahead of upcoming U.S. labor data and BoE comments, which could cause volatility spikes. In summary, GBP/USD maintains a short-term bullish bias as long as 1.3100 holds. A clean breakout above 1.3180 could open the path toward 1.3220. Stay patient and follow price reaction near the neckline — confirmation is key before committing to the next swing. Follow for more daily forex setups and strategies.