Will the GBP/USD pair, which is rebounding, hit a new high? All eyes are on the direction of the market.

Will the GBP/USD pair, which is rebounding, hit a new high? All eyes are on the direction of the market.

26.11.2025

In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 111.246 to 110.432. 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 encountering resistance at the 20-period MA, while on the daily chart, the uptrend above the 20-period MA remains intact.

Among European currencies, the pound strengthened alongside the Japanese yen during U.S. trading hours. The GBP/USD pair rose from 1.3094 to 1.3213. An uptrend has emerged along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price has pulled back to just below the 200-period exponential moving average (EMA), while on the daily chart, it has surpassed this month’s high. This marks a temporary rebound from the downtrend that has been in place since the end of June.

Today’s key economic indicators include the RBNZ policy rate and statement at 10:00, a press conference by RBNZ Governor Hawksby at 11:00, the U.S. MBA Mortgage Applications Index at 21:00, U.S. initial jobless claims and U.S. durable goods orders at 22:30,the U.S. Chicago Purchasing Managers' Index at 11:45 PM, U.S. weekly crude oil inventories at 12:30 AM, U.S. weekly natural gas inventories at 2:00 AM, the U.S. 7-year Treasury auction at 3:00 AM, and the U.S. Federal Reserve Beige Book at 4:00 AM. We will be watching closely to see if the GBP/USD pair, which has been rebounding, will break through its previous high.

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