Should we wait and see if the euro-pound pair, which has continued to fall, has room to rebound?

Should we wait and see if the euro-pound pair, which has continued to fall, has room to rebound?

13.05.2025

In yesterday’s U.S. trading session, the Canadian dollar rose sharply against the yen. The CAD/JPY pair climbed from 104.561 to 106.239. A trend has emerged, with the 20-period moving average on the hourly chart serving as the starting point. On the 4-hour chart, the RSI has surged to 74, and on the daily chart, the pair has hit a new high for the past two months. We will be watching the direction of the candlesticks to see if the Canadian dollar continues to rise against the yen during today’s U.S. trading session.

Among European currencies, the euro opened a downward gap against the pound and fell. The euro-pound pair dropped from 0.8457 to 0.8403. The price decline followed the 10-period moving average on the hourly chart. On the 4-hour chart, the candlesticks have fallen to the -3σ level of the Bollinger Bands, and on the daily chart, the price has reached the support line of the 200-period exponential moving average and is currently attempting to break below it.

Today’s schedule includes UK BRC same-store sales at 8:01, Japan’s money supply and the publication of opinions from the Bank of Japan’s Monetary Policy Meeting at 8:50, Australia’s Westpac Consumer Confidence Index at 9:30, Australia’s NAB Business Conditions Index at 10:30, UKEmployment Report at 17:45, remarks by UK MPC member Pill at 17:45, the German ZEW Economic Sentiment Index at 18:00, the South African Employment Report at 18:30, the US Consumer Price Index at 21:30, and remarks by UK BOE Governor Bailey at 23:10. We intend to carefully assess the potential for a rebound in the euro-pound pair, which has continued to decline.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

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

4. 17.04.2026New

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

5. 16.04.2026New

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

6. 15.04.2026

   Should we keep an eye on key figures’ remarks in U.S. time while gauging the direction of currency strength and weakness?

7. 14.04.2026

   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

8. 13.04.2026

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

9. 10.04.2026

   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?

10. 09.04.2026

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