**Forex Pairs in Focus: Market Outlook for November 23–28, 2025**
*Original article by: DailyForex*
During the week of November 23 to 28, 2025, the Forex markets are poised for significant movement as several key currency pairs reach pivotal technical levels. Global macroeconomic developments, central bank policies, and technical signals are now converging to shape the trajectories of major and minor currency pairs. Traders are closely watching price action for indications of continued momentum, potential reversals, or consolidation.
This analysis delves into several important currency pairs and highlights the market outlook for the final week of November. Key focal points include USD dynamics, EUR stability concerns, JPY strength, and the commodity-linked currencies such as AUD and NZD reacting to risk sentiment and commodity price flows.
Let’s take a detailed look at the most important forex pairs for the week and explore key technical setups alongside fundamental catalysts.
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## 1. EUR/USD: Testing Resistance Near 1.1000
The EUR/USD pair advanced during recent sessions, buoyed by growing speculation that the European Central Bank (ECB) will maintain its current interest rate stance into early 2026. Inflation in Germany remained stable at 2.9 percent YoY in October, reducing urgency for rate hikes.
However, dollar strength—backed by hawkish sentiment at the Federal Reserve—continues to cap upside momentum in the pair, especially as investors move to safer dollar-denominated assets amid uncertain global economic conditions.
**Technical Analysis:**
– Resistance: 1.1000 psychological barrier remains a firm level. A clean break above could open path to 1.1120.
– Support: 1.0780 and 1.0700 are key support zones.
– RSI: Hovering near 60, indicating mild bullishness. Still below overbought territory.
– Trend: Medium-term uptrend remains intact as long as price trades above the 50-day moving average.
**Outlook:**
The EUR/USD pair needs a daily close above 1.1000 to support a trend continuation. A rejection here may confirm a short-term double top and initiate a decline back toward 1.0700.
**Fundamental Watchpoints:**
– Eurozone CPI Flash Estimate (Nov 28)
– US PCE Price Index
– ECB monetary policy expectations
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## 2. GBP/USD: Limited Upside Amid Economic Fragility
The British Pound has held relatively firm against the dollar despite mixed economic data from the UK. Last week’s UK inflation print showed a decline to 3.2%, boosting expectations of a rate cut in early 2026.
However, sluggish growth outlook and Brexit-related trade concerns continue to act as headwinds for Sterling. The market is also pricing in a more dovish Bank of England (BoE) heading into Q1 2026.
**Technical Analysis:**
– Resistance: Key technical resistance is seen at 1.2450 and 1.2600.
– Support: Holding near 1.2280 and stronger support at 1.2130.
– Ichimoku Cloud: Price remains within the cloud, indicating consolidation.
– MACD: Signal line crossover suggests possible bullish momentum in the short-term.
**Outlook:**
From a technical standpoint, GBP/USD requires a decisive break above 1.2450 to invalidate the range-bound movement. Failure to hold above 1.2280 could accelerate selling pressure toward 1.2130 or even test 1.2000.
**Event Risks:**
– UK Retail Sales (Nov 27)
– Bank of England speeches
– UK GDP update in early December
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## 3. USD/JPY: Bullish Momentum Faces Intervention Risk
The USD/JPY pair reached close to the 152.00 level before pulling back, driven by divergent monetary policies. The Bank of Japan (BoJ) has maintained ultra-loose policies despite
Read more on USD/CAD trading.