**Weekly Forex Technical Analysis: Pairs in Focus (November 1 to 7, 2025)**
*Based on content originally written by DailyForex.com*
This week’s Forex trading landscape presents multiple technical setups across major currency pairs, with global financial markets continuing to digest central bank signals, inflation updates, and the evolving geopolitical and risk environment. From the USD’s persistence as a safe-haven asset to shifting sentiment in commodity-linked and cross-currency pairs, several major and minor Forex instruments display actionable chart patterns and critical technical levels.
Below is a detailed technical analysis for the major currency pairs for the week of November 1 to November 7, 2025, along with extended insights from current market drivers.
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## EUR/USD: Bearish Pressure Intensifies Near Key Support
The EUR/USD pair remains under downward pressure amid resurging US dollar strength, which comes on the back of hawkish interest rate expectations and robust economic data out of the United States.
**Technical Outlook:**
– The pair continues to trade below the 50-day and 200-day exponential moving averages (EMAs), suggesting persistent bearishness.
– Recent candles on the daily chart show a series of lower highs, confirming a descending trend channel.
– Immediate support lies at 1.0500, a psychological and technical level that has provided stability in previous downturns.
– A decisive break below 1.0500 may bring extended weakness toward 1.0350 and possibly the 1.0200 region.
– Resistance stands at:
– 1.0650 (mid-channel resistance and prior support)
– 1.0750 (confluence of 50 EMA and historical pivot levels)
**Fundamental Factors:**
– Rising expectations of another Federal Reserve rate hike contribute to USD strength.
– Eurozone inflation has shown signs of softening, reducing pressure on the European Central Bank to act aggressively.
**Trading Strategy:**
– Conservative traders may wait for a confirmed close below 1.0500 to initiate short positions.
– Bullish reversal signals above 1.0650 could hint at an upside retracement opportunity.
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## GBP/USD: Consolidation Before a Potential Breakout
The British pound remains indecisive as investors weigh the Bank of England’s ambivalent stance on future interest rate adjustments amid slowing UK economic momentum.
**Technical Outlook:**
– GBP/USD has been oscillating between 1.2100 and 1.2300 for several sessions, forming a horizontal consolidation range.
– The 1.2200 level is critical, acting as a pivot point and short-term equilibrium zone.
– The 50 and 200-day EMAs appear to be converging, hinting at a building breakout scenario.
– A break above 1.2300 could push prices toward 1.2450 and 1.2550.
– On the flip side, failure to hold 1.2100 opens the door to a retest of the 1.1950 and 1.1800 regions.
**Fundamental Factors:**
– Concerns over the UK’s GDP growth, which has shown periods of contraction, weigh on Sterling sentiment.
– Political uncertainty over fiscal policies and potential elections could increase volatility for GBP pairs.
**Trading Strategy:**
– Look for breakout confirmation on either side of the 1.2100 to 1.2300 horizontal range.
– Use Fibonacci extensions and support/resistance zones for profit targets.
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## USD/JPY: Rising Yields Fuel Uptrend Momentum
The USD/JPY pair remains one of the more bullish charts, driven by a continued divergence between a hawkish Fed and a dovish Bank of Japan. Japanese authorities have expressed concern over the rapid pace of Yen depreciation, prompting intervention rumors.
**Technical Outlook:**
– The pair recently broke through 150.00, a historically sensitive level often associated with verbal intervention.
– Momentum indicators (MACD and RSI) remain in bullish territory, though
Read more on USD/CAD trading.