Should we wait and see how much further the euro-pound pair will rise?
26.09.2025
- U.S. PCE Deflator
- Canada's GDP
In yesterday's U.S. trading session, the Canadian dollar strengthened against the U.S. dollar, 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 has rebounded from the 200-period SMA, which is acting as a support level, and 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 rose against the pound from 0.8722 to 0.8751. It surged from the -2σ to the +3σ levels on the hourly Bollinger Bands. On the 4-hour chart, the 20-period moving average (MA) 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, the euro continues to rise against the pound during today’s Asian trading session.
Today’s economic indicators include the New Zealand ANZ Consumer Confidence Index at 7:00, the Tokyo Metropolitan Area Consumer Price Index at 8:30, Canadian GDP, U.S. personal income, and the U.S. PCE deflator at 21:30, and remarks by U.S. Federal Reserve Governor Barkin at 22:00:Remarks by Richmond Fed President Barkin, at 23:00 the US 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 rising EUR/GBP pair.
Author: Keisuke Sakurai
