**Forex Technical Analysis: Key Currency Pairs in Focus (9th to 14th November 2025)**
*Adapted and expanded from original content by Mahfooz Ali, published on DailyForex.com*
The period from 9th to 14th November 2025 presents critical trading opportunities and fundamental drivers across major forex pairs. With heightened market sensitivity due to U.S. inflation data and various global economic indicators, market participants remain cautious. The interplay of monetary policy expectations, geopolitical uncertainty, and economic performance across regions continues to shape forex trends in November.
Below is an in-depth look at selected major and minor forex pairs, with technical and fundamental analysis extended from the original article by Mahfooz Ali.
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## EUR/USD – Bullish Momentum Collides with Resistance
The EUR/USD pair remains in a narrow ascending channel, testing key resistance levels as market eyes the Federal Reserve’s stance on interest rates.
**Technical Highlights:**
– Despite recent gains in the euro, price action remains capped near the 1.0780–1.0800 resistance area.
– EUR/USD continues forming higher lows, suggesting buying interest around 1.0630–1.0660.
– The 50-day moving average crossed above the 100-day moving average (bullish crossover), indicating upside potential.
– Support zones hold around 1.0650 and 1.0600; a break below could spark fresh selling.
**Fundamental Drivers:**
– Eurozone data improved recently, with Germany avoiding a technical recession. However, structural weaknesses persist.
– ECB President Christine Lagarde signaled no immediate intention to cut rates, supporting the euro against the dollar.
– U.S. CPI data due on November 13 is critical. A softer print could weaken the dollar, reinforcing bullish EUR/USD bias.
**Trade Strategy:**
– Bullish bias above 1.0660 with targets at 1.0800 and 1.0850.
– A downside break below 1.0650 signals potential to revisit 1.0520.
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## GBP/USD – Clinging to Gains Despite Mixed Fundamentals
The British pound has displayed resilience against the U.S. dollar, with the pair holding gains near four-week highs as traders interpret mixed economic signals.
**Technical Overview:**
– The pair is trading above key support at 1.2275, suggesting underlying strength.
– Resistance stands firm at 1.2390–1.2420; a breakout here could trigger a move towards 1.2500.
– MACD histogram is flattening, hinting at consolidation before a directional breakout.
**Fundamental Factors:**
– The Bank of England held rates at 5.25% but emphasized a data-dependent approach moving forward.
– UK GDP figures due on November 10 are expected to show continued stagnation or minor growth.
– Brexit-related trade adjustments remain a mild headwind but are not triggering major volatility at the moment.
– The dollar’s direction remains a key determinant for GBP/USD amid broader USD risk-off sentiment.
**Trade Strategy:**
– Buy dips near 1.2280–1.2300 with a stop below 1.2230 and targets at 1.2450–1.2500.
– A break below 1.2250 may shift bias to neutral or slightly bearish.
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## USD/JPY – Correction Underway Amid Falling Bond Yields
The yen has strengthened marginally, benefitting from declining U.S. Treasury yields and safe-haven flows. USD/JPY has started to correct after failing at multi-year highs.
**Technical Outlook:**
– Strong rejection from 151.70 zone, a level that triggered intervention fears last year, is prompting a retracement.
– Support is expected at 148.70, below which bearish momentum could continue to 147.20.
– RSI dipped below 60, confirming the loss of bullish momentum.
– Daily candle patterns are signaling exhaustion of
Read more on USD/CAD trading.