Market participants are watching for signs of a rebound in the pound, which has fallen against the yen

Market participants are watching for signs of a rebound in the pound, which has fallen against the yen

28.11.2025

In yesterday'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-SMA, while on the daily chart, it is finding support at the 20-MA but facing resistance at higher levels. On the weekly chart, the pair is hovering on the verge of breaking below the 20-MA support line.

Among European currencies, the pound fell against the yen. The GBP/JPY pair dropped from 207.199 to 206.432, trading entirely within the range of 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, resistance at higher levels remains strong.

Today’s economic indicators include: Japan’s Tokyo Metropolitan Area Consumer Price Index and unemployment rate at 8:30; Japan’s industrial production and retail sales at 8:50; Australia’s private sector credit at 9:30; Japan’s housing starts at 14:00; Germany’s retail sales at 16:00; 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 Nagel, President of the German Federal Bank; 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.

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