Market participants are keeping a close eye on the potential for a rebound in the GBP/JPY pair

Market participants are keeping a close eye on the potential for a rebound in the GBP/JPY pair

26.03.2025

In yesterday’s U.S. currency trading, the U.S. dollar strengthened against the euro. The EUR/USD pair fell from 1.0829 to 1.0776. The 75-period moving average (MA) on the hourly chart acted as resistance, triggering the decline. On the 4-hour chart, the downtrend along the 20-period MA continues, while on the daily chart, the RSI is showing signs of pulling back from 73. We will be watching to see if the U.S. dollar continues to rise during European trading hours.

Among European currencies, the pound fell against the yen. GBP/JPY dropped from 195.006 to 193.646. On the hourly chart, the price fell from the +2σ to the -3σ of the Bollinger Bands.On the 4-hour chart, the upside is being capped by the +2σ Bollinger Band, while on the daily chart, the price is currently fluctuating just below the 200-day SMA, with upward breaks and pullbacks in a stalemate. We will need to monitor price movements closely to see if the pound’s weakness will resolve during U.S. trading hours.

Today, the Japanese Corporate Service Price Index will be released at 8:50, the Australian Consumer Price Index at 9:30, the Japanese Economic Sentiment Index at 14:00, and the UKCPI, UK Retail Price Index, and UK Producer Price Index at 9:30 AM; the US MBA Mortgage Applications Index at 8:00 PM; US Durable Goods Orders at 9:30 PM; remarks by Kashkari, President of the Minneapolis Fed, at 11:00 PM; US Weekly Crude Oil Inventories at 11:30 PM; and a US 5-year Treasury auction at 2:00 AM.We will closely monitor the potential for a rebound in the GBP/JPY pair, which has fallen.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed