Title: Weekly Forex Technical Outlook: Key Currency Pairs in Focus (7th – 14th November 2025)
Original article by: DailyForex.com, 7th November 2025
In this week’s technical outlook covering key Forex currency pairs, traders can expect significant movement across several major crosses fueled by a combination of central bank policies, macroeconomic data releases, and technical trend signals. This period (7th to 14th November 2025) includes developments involving the USD following the US Federal Reserve’s latest guidance, as well as technical structure alignment in pairs like EUR/USD, GBP/USD, USD/JPY, and others.
This analysis provides an in-depth breakdown of various key pairs and identifies important support and resistance levels, market structure shifts, and potential trade setups. All technical commentary is based on price action as observed throughout the early part of the month, with forward-looking indications for the days ahead.
EUR/USD Technical Analysis
The EUR/USD pair has been displaying signs of indecision, caught between macroeconomic uncertainty and technical retracements.
– The pair continues to trade within a rising trendline support following its late-October rebound from near 1.0500.
– Despite bullish attempts, the market encountered strong resistance in the 1.0750 to 1.0800 range, failing to sustain above it last week.
– Daily charts reveal a mild bullish structure, although momentum is lacking with the RSI flattening near the mid-50s.
– Weekly timeframe analysis reveals a descending structural bias over the longer term, with rallies into the low 1.08s meeting resistance.
– A bearish engulfing candle formed on the 4-hour chart near the 1.0780 region, signaling potential downside pressure in coming sessions.
Key Levels
– Immediate resistance: 1.0780 – 1.0800
– Next resistance: 1.0850
– Immediate support: 1.0680
– Key support zone: 1.0600 – 1.0630
Forecast Summary:
– As long as the EUR/USD pair fails to break and hold above 1.0800 on sustained volume, it may revisit the 1.0650 area.
– A break and close below 1.0600 would reintroduce bearish continuation toward 1.0500.
– Long positions should be cautiously considered between 1.0600 – 1.0630 only if price forms a clear reversal pattern.
GBP/USD Technical Outlook
The British pound has shown relative resilience despite political pressures and sluggish UK growth forecasts. Still, its trajectory mainly hinges on USD strength and investor risk appetite.
– Recent sessions indicate a rising channel structure, supported by firm buying interest near 1.2150.
– The pair reached as high as 1.2425 last week but was capped by a confluent technical resistance.
– Momentum analysis shows RSI at elevated levels on the 4-hour and daily charts, suggesting near-term overbought conditions.
– A minor bearish divergence has also developed, pointing to a possible correction before any further rally.
Key Levels
– Resistance to watch: 1.2425 and 1.2500
– If the bulls regain traction, the next upside target could become the upper boundary of the channel at 1.2550.
– Key support zones: 1.2275 and 1.2150
Forecast Summary:
– A break of 1.2425 could send the GBP/USD pair toward 1.2500, although buyers may need a pullback to rebuild momentum.
– If the pair closes below 1.2150 on higher volume, the bullish structure would be invalidated.
– Short-term bias remains cautiously bullish unless key support breaks.
USD/JPY Technical Analysis
The USD/JPY pair remains in a strong bullish trend, supported by persistent yield differentials in favor of the US dollar, despite occasional corrections.
– Price action sustained above the
Explore this further here: USD/JPY trading.