Title: Forex Market Weekly Outlook: Pairs in Focus for November 9 to 14, 2025
Adapted from an article by Christopher Lewis, DailyForex.com
Expanded and supplemented with additional insights and analysis
Overview
As we approach the middle of November 2025, the foreign exchange (Forex) market remains highly responsive to a range of macroeconomic developments, central bank policy decisions, and shifting risk sentiment. During the week of November 9 to November 14, traders will be monitoring key currency pairs that are showing significant technical patterns and potential setups. This outlook will examine major pairs including EUR/USD, GBP/USD, USD/JPY, and others, identifying key support and resistance levels, and analyzing prevailing trends to help traders make informed decisions.
This article is based on original analysis by Christopher Lewis for DailyForex.com and has been expanded with additional data and broader context.
Major Currency Pairs to Watch
1. EUR/USD – Euro vs. US Dollar
The EUR/USD pair has been struggling to find sustained bullish momentum, pressured largely by dovish signals from the European Central Bank (ECB) and strengthening US economic data supporting the Federal Reserve’s hawkish stance.
Key Factors Influencing EUR/USD:
– The eurozone’s persistent inflationary weakness and softer PMI data continue to weigh on the euro.
– The yield differential between US Treasuries and German Bunds has widened in favor of the dollar.
– Market expectations of another possible interest rate hike by the Fed support greenback demand.
Technical Analysis:
– Resistance: 1.0780, 1.0850
– Support: 1.0650, 1.0600
– The pair is currently consolidating in a tight range between 1.0650 and 1.0780. A breakout from this zone could determine the directional trend in the upcoming week.
– The 50-day moving average remains below the 200-day moving average, signaling continued bearish momentum in the medium term.
Trading Strategy:
– If price breaks above 1.0780 with strong volume, the next resistance to target is 1.0850.
– A breakdown below 1.0650 opens the door for a move toward 1.0600 and potentially retesting October lows near 1.0550.
2. GBP/USD – British Pound vs. US Dollar
The GBP/USD pair remains vulnerable amid heightened concerns over the UK’s economic growth slowdown and political uncertainty. Despite some hawkish commentary from Bank of England (BoE) officials, markets aren’t convinced of further tightening.
Important Drivers:
– UK GDP for Q3 came in flat, and consumer confidence has declined.
– Inflation continues to outpace wage growth, further affecting consumer spending.
– The US dollar remains firm amid robust labor market data and Fed’s strong tone.
Technical Outlook:
– Resistance: 1.2370, 1.2425
– Support: 1.2200, 1.2150
– Price action is showing a descending triangle formation, typically a bearish continuation pattern.
– RSI is hovering around the 45 level, not showing any real strength from buyers.
Trading Tips:
– A breakdown below 1.2200 would indicate resumption of the bearish trend, targeting 1.2150 and then 1.2050.
– For bullish trades, a close above 1.2370 would be needed to break the descending trendline and push toward 1.2425.
3. USD/JPY – US Dollar vs. Japanese Yen
The USD/JPY continues to remain elevated largely due to monetary policy divergence. The Bank of Japan (BoJ) maintains an ultra-loose policy while the Federal Reserve signals higher-for-longer interest rates.
Market Catalysts:
– BoJ remains the most dovish among major central banks, sticking to yield curve
Read more on USD/CAD trading.