NEWS: GBP/USD price is falling 0.4% as political pressure grows on prime minister Keir Starmer ahead of the crucial autumn budget on November 26.
Possible Scenarios:
If GBP/USD fails to breach through S1 of 1.30636, our Research Department expects GBP/USD to undergo a short- term upward correction.
If GBP/USD manages to break below its S1 of 1.30636, our Research Department expects GBP/USD to extend its losses to its S2 of 1.30394.
Support and Resistance Levels:
|
GBP/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.30151 |
1.30394 |
1.30636 |
1.30960 |
1.31284 |
1.31526 |
1.31769 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.39 |
(+/-) £76.34 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.15753
***GBP/USD = 1.30986
Calculations for exchange rate used as of Wednesday, November 12, 2025, 14:49 GMT