GBPUSD Forecast - November 24, 2025

GBPUSD Forecast – November 24, 2025

✅Overview

The Forex market is brimming with activity as we approach November 24, 2025. Traders are closely monitoring the GBPUSD pair, which has shown bearish sentiment in recent days. The current price is at 1.30795, reflecting a cautious outlook influenced by various economic events and technical indicators. The upcoming G20 Meetings and economic data releases are creating a buzz, leading to potential volatility in the market.

Overview of What The Article Will Cover:

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✅Market Trends & Trading Strategies

The GBPUSD market is currently exhibiting a bearish trend, as indicated by the moving averages, all suggesting a sell position. Traders should be aware of critical support levels at 1.29879 and resistance levels at 1.34182. Given the ongoing bearish sentiment, conservative traders might want to look for short positions, especially if the price tests the upper resistance levels.

Economic events scheduled for next week, particularly the G20 Meetings and economic data releases, could lead to significant market movements. Expect potential shifts in market sentiment as traders react to announcements, especially pertaining to economic forecasts and central bank policies.

✅ GBPUSD Trading strategies

🎯Current Trend: 📉 Bearish
🎯Price Action: GBPUSD is trading below key moving averages, testing minor resistance at 1.31472.
🎯Day Trading (15 mins – 1 hour): Look for short positions targeting 1.30628, with potential for quick gains if the price breaks below 1.307.
🎯Swing Trading (4 hours – 1 week): Holding short positions could be beneficial as the pair is likely to retest support levels amidst upcoming economic news.
🎯Contrarian Strategy: If the market fails to break below 1.30628, consider long positions targeting 1.3155, as a reversal could occur.

✅ Detailed Pair Analysis

Support & Resistance Levels: The critical support level for GBPUSD is at 1.29879, while resistance is seen at 1.34182. Traders should prepare for price action around these levels, as they may signal potential entry or exit points.

Economic Events Impact: Upcoming events such as the German ifo Business Climate report and CBI Realized Sales from the UK could significantly impact GBPUSD’s movement. If the data shows stronger-than-expected results, the GBP might strengthen, affecting the pair’s dynamics.

✅ Additional Trading Strategies

🎯 Trend Reversal: Look for signs of reversal when GBPUSD hits the 1.30628 support level, targeting a move back towards 1.31472.
🎯 Momentum Plays: If GBPUSD breaks through 1.3109, consider entering with momentum for short-term gains.

For an insightful forecast on the USDCHF pair, check out our detailed analysis in the USDCHF forecast April 29, 2025.

✅ Conclusion

In summary, traders should stay informed about upcoming events such as the G20 Meetings and economic data releases, as these could cause volatility and market shifts. Monitoring sentiment indicators and price action will be crucial for adjusting strategies accordingly. Given the current bearish trend, expect potential movement towards the support levels if momentum holds. Every day, we analyze the market closely and provide trading insights for tomorrow, and we invite you to come back to get updates.

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