**Pairs in Focus: 23rd to 28th November 2025**
*Original article by Sheldon Adelson, adapted from DailyForex.com*
As we approach the final week of November, global foreign exchange markets continue to display heightened volatility against a backdrop of regulatory shifts, economic uncertainty, and central bank maneuvers. The period from November 23rd to November 28th, 2025 presents another round of critical challenges and opportunities for forex traders as attention remains focused on monetary policy divergence, geopolitical developments, and shifting capital flows.
This technical analysis will dissect major forex pairs, highlight key indicators, and provide practical insights for the coming week. Let’s delve into the pairs at the center of traders’ attention, combining technical charting, sentiment analysis, and macroeconomic considerations.
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## 1. EUR/USD: Cautious Recovery Meets Resistance
After several weeks of consolidative action, EUR/USD has seen attempts at a modest rebound, with bullish forces seeking to overcome the drag from uneven Eurozone growth and dollar resilience.
**Technical Outlook**
– The pair remains trapped between 1.0630 (support) and 1.0830 (resistance), forming a clear near-term horizontal range.
– 50-day simple moving average has crossed above the 100-day simple moving average, a technical bullish signal, but follow-through is lacking.
– Relative Strength Index (RSI) hovers close to 52, indicating a wait-and-see attitude among traders.
– MACD remains neutral, lacking a decisive trend as momentum oscillates.
**Sentiment and Risk Factors**
– Eurozone inflation and GDP releases next week remain crucial triggers.
– US Federal Reserve commentary continues to reinforce cautious optimism on the dollar side, weighing down stronger EUR gains.
– Political risks in Germany and Italy, along with divergent growth rates, challenge euro sentiment.
**Key Trading Levels**
– Support: 1.0630 / 1.0575
– Resistance: 1.0750 / 1.0830
– A clear break above 1.0830 could spark a short squeeze towards 1.0940.
– Conversely, failure to hold 1.0630 will open the door to fresh 1.0575 lows.
## 2. GBP/USD: Carrying the Burden of Policy Uncertainty
Sterling remains vulnerable amid ongoing debates about the Bank of England’s policy stance and economic headwinds in the UK.
**Technical Outlook**
– GBP/USD is clinging to its medium-term uptrend, consistently bouncing off the 200-day moving average located at 1.2380.
– Short-term ascending triangle pattern observed, with the apex forming near 1.2560.
– RSI is elevated near 60, hinting at lingering bullish potential despite overbought concerns.
– Volume on upward moves remains higher than on declines, confirming dip-buying interest.
**Sentiment and Risk Factors**
– Political volatility, especially regarding the UK’s fiscal plans, could quickly sour investor mood.
– US PCE inflation data poses a threat to bullish GBP scenarios if the dollar rallies.
**Key Trading Levels**
– Support: 1.2450 / 1.2380
– Resistance: 1.2560 / 1.2660
– A push above 1.2660 unlocks targets towards 1.2790.
– A drop below 1.2380 risks a slide to 1.2230.
## 3. USD/JPY: High Wire Act for the Yen
USD/JPY has carved out a well-defined upward trend, underpinned by the Bank of Japan’s dovishness in contrast to the Federal Reserve’s steadier approach.
**Technical Outlook**
– Uptrend in place above the 148.30 pivot as higher highs and higher lows define the pattern.
– MACD histogram bullish, but with waning momentum.
– RSI at 67, flirting with overbought territory
Read more on GBP/USD trading.