Will the rising GBP/JPY pair continue to climb higher? Keep a close eye on price movements during European trading hours.
18.11.2025
- Remarks by MPC Member Pill (UK)
- Meeting between Prime Minister Hida and Bank of Japan Governor Ueda
In yesterday's U.S. currency markets, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1625 to 1.1581. A downtrend has developed along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair has pulled back after retesting the 200-period simple moving average (SMA) it had previously broken above, and on the daily chart, it has pulled back from its recent high.
Among European currencies, the pound showed strength following the U.S. dollar. The GBP/JPY pair rose from 203.135 to 204.537. An uptrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair has rebounded with support from the 75-period MA, and on the daily chart, the candlesticks have reached the +2σ level of the Bollinger Bands. The pair is currently rising with momentum that is approaching last month’s high.
Today’s economic indicators include the release of the RBA minutes at 9:30 a.m., a meeting between Japanese Prime Minister Takaichi and Bank of Japan Governor Ueda at 3:30 p.m., remarks by MPC member Pill at 10:00 p.m., Canadian housing starts at 10:15 p.m., the U.S. import price index at 10:30 p.m., and U.S.Industrial Production and Capacity Utilization, at 12:00 AM: US Manufacturing Orders and NAHB Housing Market Index, at 12:30 AM: Remarks by Fed Governor Barr, at 1:00 AM: Remarks by Richmond Fed President Barkin, and at 2:00 AM: Remarks by MPC Member Dingla.We will be closely watching price movements during European trading hours to see if the rising GBP/JPY pair continues to extend its gains.
Author: Keisuke Sakurai
