Should We Wait and See How Far the Euro-Pound Pair Can Rise?
26.09.2025
- U.S. PCE Deflator
- Canada · GDP
In U.S. currency trading the previous day, the Canadian dollar strengthened during U.S. trading hours, second only to the U.S. dollar. The CAD/JPY pair rose from 106.940 to 107.618. A “band walk” was observed along the +3σ line of the hourly Bollinger Bands.On the 4-hour chart, the price is rebounding off the 200-period SMA, which is acting as a support level, while on the daily chart, the price is currently rising following a rebound from the 20-period MA.
Among European currencies, the euro rose against the pound. The euro/pound pair rose from 0.8722 to 0.8751. It surged from the -2σ to the +3σ levels of the hourly Bollinger Bands.On the 4-hour chart, the 20-period moving average (20MA) acted as support, causing the price to rebound. On the daily chart, the price hit a new monthly high at the +2σ line of the Bollinger Bands. Furthermore, during today’s Asian trading session, the euro continues to rise against the pound.
Today’s economic indicators include the New Zealand ANZ Consumer Confidence Index at 7:00, the Japan Tokyo Metropolitan Area Consumer Price Index at 8:30, Canada’s GDP, U.S. personal income, and the U.S. PCE deflator at 21:30, and at 22:00, remarks by U.S. Federal Reserve Governor Barkin:Remarks by Richmond Fed President Barkin; at 23:00, the University of Michigan Consumer Sentiment Index; and at 26:00, remarks by Fed Vice Chair Bowman. I intend to cautiously monitor the upside potential of the euro-pound pair, which has risen.
Author: Keisuke Sakurai
