With the GBP/USD pair rebounding higher, all eyes are on whether it will hit a new high
26.11.2025
- Chicago Purchasing Managers' Association Business Activity Index
- U.S. MBA Mortgage Applications Index
In U.S. currency trading the previous day, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 111.246 to 110.432. 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 encountering resistance at the 20-period moving average (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, forming an uptrend 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 EMA, while on the daily chart, it has hit a new high for the month. This marks a temporary rebound from the downtrend that had been in place since the end of June.
Today’s economic indicators include the RBNZ policy rate and statement at 10:00 (NZ time), a press conference by RBNZ Governor Hawksby at 11:00 (NZ time), the U.S. MBA Mortgage Applications Index at 21:00, U.S. initial jobless claims and U.S. durable goods orders at 22:30,at 23:45, the U.S. Chicago Purchasing Managers’ Index; at 24:30, U.S. weekly crude oil inventories; at 26:00, U.S. weekly natural gas inventories; at 27:00, the U.S. 7-year Treasury auction;and at 28:00, the U.S. Federal Reserve’s Beige Book. With the GBP/USD pair rebounding and rising, we’ll be watching closely to see if it breaks through its previous high.
Author: Keisuke Sakurai
