Will the pound, which has been gaining against the U.S. dollar, continue its upward trend? Keep an eye on price movements during European trading hours.

Will the pound, which has been gaining against the U.S. dollar, continue its upward trend? Keep an eye on price movements during European trading hours.

25.11.2025

In the U.S. currency market yesterday, the U.S. dollar rose against the yen. The USD/JPY pair rose from 156.272 to 157.177. It moved from below the 20-period moving average on the hourly chart to above it.On the 4-hour chart, the price continues to move along the +2σ line of the Bollinger Bands, while on the daily chart, it has reached the +3σ line. The RSI is hovering around 68.

Among European currencies, the pound rose against the U.S. dollar. The GBP/USD pair rose from 1.3080 to 1.3117, with price action moving above the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the pair is currently attempting to reach new highs above the 20-period moving average, while on the daily chart, the 20-period moving average is acting as resistance and capping further gains. We will be watching closely to see if the pound’s momentum continues to build during today’s European trading session.

Today’s economic indicators include Germany’s third-quarter GDP at 16:00, the UK’s CBI Retail Trade Survey at 20:00, the U.S. Producer Price Index and U.S. Retail Sales at 22:30,at 23:00, the U.S. S&P/Case-Shiller Home Price Index; at 24:00, the U.S. Consumer Confidence Index, U.S. Pending Home Sales, U.S. Richmond Fed Manufacturing Index, and U.S. Business Inventories; and at 27:00, a U.S. 5-year Treasury auction.We’ll be watching price movements during European trading hours to see if the pound, which has been gaining against the U.S. dollar, will extend its gains.