Will the GBP/JPY, which continues to rise, extend its gains? Keep a close eye on price movements during European trading hours.
18.11.2025
- Remarks by Pill, a Member of the Bank of England’s MPC
- Meeting Between Prime Minister Hida and Bank of Japan Governor Ueda
In the U.S. currency market the previous day, 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, second only to the U.S. dollar. The GBP/JPY pair rose from 203.135 to 204.537, forming an uptrend 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 moving average, and on the daily chart, the candlesticks have reached the +2σ level of the Bollinger Bands. It 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 meeting between Japanese Prime Minister Takaichi and Bank of Japan Governor Ueda at 15:30, remarks by MPC member Pill at 22:00, Canadian housing starts at 22:15,at 22:30, U.S. Import Price Index; at 23:15, U.S. Industrial Production and U.S. Capacity Utilization; at 24:00, U.S. Manufacturing Orders and U.S. NAHB Housing Market Index; at 24:30, remarks by U.S. Federal Reserve Governor Barr; at 25:00, remarks by U.S. Federal Reserve Governor Barkin:Remarks by Richmond Fed President Rich, and at 26:00, remarks by UK MPC Member Dingla are scheduled. With the GBP/JPY pair continuing its upward trend, we will be closely monitoring price movements during European trading hours to see if it can extend its gains.
