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
- Germany's Third-Quarter GDP
- U.S. Retail Sales
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. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price continues to move along the +2σ line of the Bollinger Bands, and 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 climbed from 1.3080 to 1.3117, moving above the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is currently attempting to break above the 20-period MA, while on the daily chart, the 20-period MA 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 Q3 GDP at 4:00 PM, the UK’s CBI Retail Trade Survey at 8:00 PM, the U.S. Producer Price Index and U.S. Retail Sales at 10:30 PM,the U.S. S&P/Case-Shiller Home Price Index at 11:00 PM, the U.S. Consumer Confidence Index, Pending Home Sales, the Richmond Fed Manufacturing Index, and U.S. Business Inventories at midnight, and a U.S. 5-year Treasury auction at 3:00 AM. We will 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.
Author: Keisuke Sakurai
