Will the rising GBP/JPY pair continue to climb higher? Keep a close eye on price movements during European trading hours.

Will the rising GBP/JPY pair continue to climb higher? Keep a close eye on price movements during European trading hours.

18.11.2025

In yesterday’s U.S. currency trading, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1625 to 1.1581. A downtrend has emerged 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 AM, a meeting between Japanese Prime Minister Takaichi and Bank of Japan Governor Ueda at 3:30 PM, remarks by MPC member Pill at 10:00 PM, Canadian housing starts at 10:15 PM, the U.S. import price index at 10:30 PM, 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.

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