**Weekly Forex Technical Analysis: Currency Pairs to Watch (23rd to 28th November 2025)**
*Based on analysis from Tomasz Wiśniewski, Chief Analyst at Axiory*
The foreign exchange market continues to be shaped by global macroeconomic trends, central bank actions, and geopolitical developments. For the week of 23rd to 28th November 2025, traders are closely observing several key currency pairs that are showing significant technical patterns and potential breakout or reversal signals.
This analysis, originally published by Tomasz Wiśniewski on DailyForex, is expanded with additional insights and technical data to provide traders with a clearer picture of the potential movements in the markets during this upcoming trading week. The article includes technical setups, support and resistance levels, and potential trading strategies for each currency pair highlighted.
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## EUR/USD: Constructive Bullish Breakout
EUR/USD has recently completed a bullish breakout from a descending triangle, which often signals a reversal of the previous downtrend and suggests upward momentum. This breakout occurred near the 1.0800 resistance level, which had served as a psychological and technical barrier over the past several weeks.
– **Support level**: 1.0800
– **Resistance level**: 1.1000
– **Technical signal**: Breakout from descending triangle
– **100-day EMA**: Price is now trading above the 100-day EMA
– **RSI**: Trending toward overbought, indicating strong bullish pressure
The breakout above the triangle confirms buyer conviction. As long as the pair remains above 1.0800, the bullish trend remains intact. However, traders should be cautious of a possible retest of this level before any continuation to 1.1000 or higher.
**Trading Strategy**
– Long positions can be considered on pullbacks toward 1.0800 support.
– A daily close above 1.1000 could open the door to 1.1200 resistance in the coming weeks.
– Stop-loss recommendation: Below 1.0700 support zone to allow flexibility for volatility.
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## GBP/JPY: Horizontal Resistance Break Leads to Bullish Continuation
The GBP/JPY pair has been an outperformer, reflecting the resilience of the British pound and weakness in the yen amid Japan’s continued struggle with low inflation and loose monetary policy.
After trading sideways for multiple weeks within a horizontal channel, the pair has broken above the 186.00 resistance zone.
– **Support zone**: 183.50 to 184.00 (previous consolidation range)
– **Resistance level**: 188.00 short-term; 190.00 long-term bullish target
– **Chart pattern**: Horizontal range breakout
– **MACD**: Bullish crossover supports continued upward movement
– **Yen fundamentals**: Japan retains negative interest rates, adding to bearish pressure
Technical indicators and price action suggest that the bull trend is likely to continue as long as GBP/JPY stays above the 186.00 breakout level.
**Trading Strategy**
– Buy the dip strategy preferred above 186.00.
– Target resistance at 188.00 and possibly 190.00.
– Use a trailing stop to lock in profits in strong directional moves.
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## AUD/USD: Trendline Breakout Signals Bullish Turnaround
A notable pattern is emerging on the AUD/USD chart, with price action breaking above a long-term descending trendline that had been governing price movements since mid-2025. This breakout reflects renewed risk appetite and optimism about the Australian economy’s export-driven rebound, particularly supported by demand from Asia.
– **Resistance levels**: 0.6700 (short-term), 0.6800 (medium-term target)
– **Support**: 0.6500 (trendline breakout support area)
– **Pattern formation**: Descending trendline breakout
– **Fundamental catalyst**: Strong commodity demand
Read more on USD/CAD trading.