Title: In-Depth Technical Analysis of Major Forex Pairs – November 28, 2025
Original Author: FXDailyReport.com
The foreign exchange market saw notable technical developments among major currency pairs on November 28, 2025, with strong trends and key resistance and support levels forming. This analysis revisits these movements, providing comprehensive insights into the current price actions and potential breakouts across the most traded pairs, including EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CHF.
EUR/USD – Consolidating Just Above the 1.0900 Range
EUR/USD has maintained its position above the 1.0900 level following a recent breakout. The bullish breakout led to a continuation move, confirming market optimism. The pair now consolidates gains with a strong possibility of extending the upward momentum in the coming sessions.
Key Technical Insights:
– Price is consolidating above 1.0900 after a bullish breakout.
– Buyers are expected to sustain the uptrend as long as price trades above this level.
– A continuation above the 1.1000 level would further bolster bullish sentiment.
– However, a daily close below 1.0900 may invalidate the breakout, triggering a corrective decline.
– The support levels to monitor are 1.0800 and 1.0700 in case of downward pressure.
Current Bias: Bullish above 1.0900, neutral below.
Outlook: Potential for further gains if consolidation breaks to the upside.
GBP/USD – Trading Flat, Awaiting Major Catalyst
GBP/USD continued to trade within a tight range on November 28, with no significant trend established. Market participants await a decisive breakout from this sideways structure to determine the forthcoming direction.
Key Technical Observations:
– The pair remains trapped between the 1.2300 and 1.2600 levels.
– Lack of momentum on either side indicates indecision and low trading volume.
– A breakout above 1.2600 could trigger a bullish continuation toward the 1.2800 resistance.
– On the downside, a drop below 1.2300 would open potential targets around 1.2100 and 1.2000.
– Traders should wait for confirmation of a breakout, preferably with volume, before initiating positions.
Current Bias: Neutral
Outlook: Awaiting breakout for directional confirmation
AUD/USD – Bullish Breakout Above 0.6550
The Australian dollar showed relative strength against the USD on November 28, with AUD/USD confirming a bullish breakout above the key resistance level of 0.6550. The broader trend remains upwards as long as this breakout holds.
Technical Analysis:
– AUD/USD broke above 0.6550, turning short-term resistance into support.
– The next level of interest lies at 0.6700, which may act as a short-term ceiling.
– Sustained trading above 0.6550 strengthens the bullish setup.
– If the price falls back below 0.6550, potential support levels include 0.6450 and 0.6400.
– Momentum indicators, such as RSI and MACD, show positive bias confirming the breakout.
Current Bias: Bullish
Outlook: Buyers in control while above 0.6550
USD/JPY – Pullback Establishing Support at 148.00
USD/JPY witnessed a pullback on November 28, as the pair moved lower after a prolonged uptrend. A support base appears to be forming around the 148.00 region, with traders watching for signs of either a bounce or further decline.
Key Price Levels and Patterns:
– Price is now testing support at 148.00 after failing to sustain gains above 150.00.
– A breakdown below 148.00 may bring the pair lower toward 146.50 and 145.00.
– If the support holds, a bounce back to retest 149.50 and the psychological 150
Explore this further here: USD/JPY trading.