GBPUSDMonthlyNeutral
GBP/USD monthly analysis — 6 November 2026
FXFibo editorial · · 1 min readSummary
GBP/USD has spent years capped by the 1.37–1.38 resistance zone and is now sitting on the rising trend line from the 2022 low and the 1.31 support. Monthly bias: bearish.
BiasNeutralEntry zone—Stop loss—Target 1—Target 2—StatusActive
Main scenario
Main scenario: a break of the trend line and 1.31 targets 1.2516 (0.382), 1.2098 (0.5), 1.1679 (0.618), then 1.1364–1.1084.
Alternative scenario
Alternative: one more test of 1.37–1.38 before the decline.
Key levels
Resistance: 1.37–1.38, 1.42 · Support: 1.31, 1.2516, 1.2098, 1.1679, 1.1084
⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.