Pairs in Focus: Weekly Forex Technical Analysis (7th to 7th November 2025)
Original analysis by: DailyForex.com
The Forex market continues its dynamic activity in the first week of November 2025, with several major currency pairs displaying technically significant setups. The week’s trading patterns suggest potential opportunities driven by technical indicators, recent price action, and broader macroeconomic sentiment.
This analysis covers the most actively traded Forex pairs, offering traders clarity on potential entry points, resistance and support levels, and the prevailing trends. Among the focus are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. Traders are advised to stay informed regarding upcoming macroeconomic announcements and geopolitical developments that may influence volatility and direction.
EUR/USD Analysis
The EUR/USD pair experienced a modest rally at the beginning of the week, bouncing off key support levels and showing signs of a potential reversal to the upside.
Key Highlights:
– The pair initially dropped toward the 1.0600 level but found solid support, indicating that buyers may still be interested at these lower levels.
– A bullish candlestick formation emerged on the daily chart early in the week, pointing toward a potential upward impulse if reinforced by further buying pressure.
Technicals to Watch:
– Resistance Level: 1.0750 – A break above this zone may clear the path toward 1.0850.
– Support Level: 1.0600 – Failure to hold could potentially open the door for movement toward 1.0500.
– Moving Averages: The 50-day EMA is currently flattening, while the 200-day EMA remains somewhat above current price action, giving mixed directional cues.
Outlook:
– If the EUR/USD pair manages to remain above 1.0600, upward momentum could continue to build.
– Traders should monitor sentiment around the upcoming ECB comments and any U.S. dollar-related strength driven by bond yields.
GBP/USD Analysis
The British pound enjoyed moderate gains versus the U.S. dollar, supported by improving risk sentiment and persistent inflation data from the UK, which has kept rate hike expectations alive.
Key Observations:
– GBP/USD has been trading in a broad sideways range but shows signs of challenging the upper resistance boundary again.
– The overall market structure remains neutral to bullish, with price action consistently finding demand near the 1.2100 level.
Technicals to Monitor:
– Resistance Zone: 1.2300 – A decisive close above this level could attract significant buying interest.
– Support Level: 1.2100 – This has held firmly as buyers continue to defend the level.
– RSI Indicator: Currently trending near 50, reflecting a balance between buying and selling pressures.
Potential Scenarios:
– A break above 1.2300 may pave the way for a rally toward 1.2450.
– Alternatively, a failure to break resistance could see the pair return to the previous consolidation zone near 1.2100.
Investor Factors:
– Bank of England Governor remarks expected later in the week may give insight into future hikes.
– U.S. Nonfarm Payrolls and other high-impact data scheduled could also inject volatility, affecting GBP/USD movements.
USD/JPY Analysis
The USD/JPY pair remained elevated throughout the week after crossing above the 150.00 psychological barrier, driven largely by rising U.S. Treasury yields and sustained monetary divergence between the Federal Reserve and the Bank of Japan.
Key Developments:
– Price reached highs above the 150.80 mark but has shown signs of potential exhaustion.
– The Bank of Japan has issued verbal warnings regarding an overly weak yen, which may indicate intervention risk if the pair accelerates to the upside.
Critical Technical Levels:
– Resistance Point: 151.20 – The next significant level traders are watching for further upside movement.
– Support Zone: 149.50 – A break below could initiate a deeper correction.
– Moving Averages: Both the 50-day and 200-day averages are
Explore this further here: USD/JPY trading.