Market participants are watching for signs of a rebound in the pound, which has fallen against the yen
28.11.2025
- France: Consumer Price Index
- Canada's GDP
In the previous day's U.S. currency trading, the U.S. dollar rose against the euro.The EUR/USD pair fell from 1.1613 to 1.1576. On the hourly chart, it moved from the +2σ to the -2σ Bollinger Band. On the 4-hour chart, the pair is declining as it retests the 200-period SMA, while on the daily chart, it is finding support at the 20-period MA but facing resistance at higher levels. On the weekly chart, the pair is hovering on the verge of breaking below the 20-period MA support line.
Among European currencies, the pound fell against the yen. The GBP/JPY pair dropped from 207.199 to 206.432, trading throughout the session around the 20-period moving average on the hourly chart. On the 4-hour chart, the pair has pulled back from the +3σ line of the Bollinger Bands, and on the daily chart, the RSI has reversed after touching the 70 level. Although the pair attempted a rebound during today’s Asian session, it is facing resistance at higher levels.
Today’s economic indicators include: Japan’s Tokyo Metropolitan Area Consumer Price Index and unemployment rate at 8:30 a.m.; Japan’s industrial production and retail sales at 8:50 a.m.; Australia’s private sector credit at 9:30 a.m.; Japan’s housing starts at 2:00 p.m.; Germany’s retail sales at 4:00 p.m.; and France’sCPI, France’s PPI, and France’s Q3 GDP; at 5:00 PM, Switzerland’s KOF Leading Index and Switzerland’s Q3 GDP; at 5:55 PM, Germany’s unemployment rate; at 7:00 PM, remarks by Germany’s Bundesbank President Nagel; at 10:00 PM, Germany’s CPI; and at 10:30 PM, Canada’s GDP.We will be watching for any potential recovery in the pound, which has fallen against the yen.
Author: Keisuke Sakurai
