Will the Pound, Which Has Risen Against the U.S. Dollar, Continue to Climb, or Should We Wait and See?
23.12.2025
- U.S. Durable Goods Orders
- U.S. New Home Sales
In the U.S. currency market yesterday, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 157.699 to 156.717. It moved from above the 20-period moving average on the hourly chart to below it.On the 4-hour chart, the RSI has plummeted from 78 to 44, and on the daily chart, the pair is currently pulling back from the +3σ level of the Bollinger Bands. We will be closely monitoring whether the pair continues to test lower levels during today’s U.S. trading session.
Among European currencies, the pound rose against the U.S. dollar. The GBP/USD pair rose from 1.3372 to 1.3477. A band walk along the +2σ line of the hourly Bollinger Bands was observed.On the 4-hour chart, the price is also moving along the +2σ line of the Bollinger Bands, just as on the hourly chart, and on the daily chart, it has recovered to levels not seen since October of this year.
Today’s economic indicators include the release of the RBA minutes at 9:30, Japan’s machine tool orders at 15:00, Germany’s import price index at 16:00, U.S. real GDP and core PCE deflator, and Canada’s real GDP at 22:30,U.S. Industrial Production and U.S. Capacity Utilization, at 24:00: U.S. New Home Sales, U.S. Richmond Fed Manufacturing Activity Index, and U.S. Conference Board Consumer Confidence Index, and at 27:00: a U.S. 5-year Treasury auction.I’d like to wait and see cautiously whether the pound, which has risen against the U.S. dollar, will continue to climb.
Author: Keisuke Sakurai
