Original article by Senad Karaahmetovic via FXDailyReport.com
Forex Technical Major Pairs Analysis – November 28, 2025
The forex market on November 28, 2025, showed a mix of consolidations and extended trends among major currency pairs. Key levels across the board were tested, with technical signals indicating possible breakouts or corrections. Below is a comprehensive technical analysis of the major currency pairs with a focus on support and resistance zones, as well as trend formations observed throughout the session.
EUR/USD – Consolidation Near Resistance
EUR/USD remained relatively flat during the previous session, finding resistance around the 1.0950 area. The pair continues to trade within a sideways pattern, showing no clear breakout in either direction yet.
– Current trend: Neutral to bullish
– Resistance levels: 1.0950 and 1.1000
– Support levels: 1.0850 and 1.0800
– Technical indicators:
– RSI is hovering near 50, suggesting a lack of momentum.
– MACD is flatlining, confirming the consolidation zone.
Analysts are watching to see if the pair can break above the 1.0950 level. A decisive move through this ceiling could potentially lead to a test of the psychological 1.1000 mark. On the downside, if the pair fails to maintain support above 1.0850, a move back toward 1.0800 may occur. Traders are advised to wait for confirmation of breakout patterns before entering positions.
GBP/USD – Bulls Face Resistance at 1.2700
The British pound has been edging higher but failed to break above 1.2700 for yet another session. The pair is displaying signs of bullish resistance while maintaining a gradual uptrend mostly supported by solid economic data from the UK.
– Current trend: Mildly bullish
– Resistance levels: 1.2700 and 1.2750
– Support levels: 1.2600 and 1.2550
– Technical insights:
– RSI is moving toward 60, indicating bullish sentiment.
– MACD remains in positive territory but lacks strong upward momentum.
If the pair re-tests and breaches the 1.2700 resistance, it could aim for 1.2750 in the short term. Failure to push above this key area could prompt some near-term retracement back to the 1.2600 support level. Market participants are awaiting more clarity from upcoming UK consumer data before making significant commitments.
USD/JPY – Reversal Paused, Minor Support Holding
After making a strong reversal from 150.00, the USD/JPY pair is now pausing its bearish correction and holding above minor support near 148.00. The aggressive downtrend that initially formed appears to be losing steam.
– Current trend: Short-term bearish
– Resistance levels: 149.00 and 150.00
– Support levels: 148.00 and 147.25
– Technical observations:
– RSI is approaching oversold conditions near 40.
– MACD has crossed bearish, but the signal line is flattening.
If the 148.00 level holds, the pair may attempt a minor bounce back toward 149.00. However, a break below this support would expose deeper levels near 147.25. Traders should monitor U.S. yields and risk sentiment, which continue to influence yen crosses.
USD/CHF – Range-Bound With Lower Highs
USD/CHF maintains a range-bound movement amid declining momentum. The pair is forming lower highs while respecting horizontal support, suggesting a potential turn to the downside.
– Current trend: Neutral with a bearish tilt
– Resistance levels: 0.8850 and 0.8900
– Support levels: 0.8750 and 0.8700
– Key technical points:
– RSI is below 50, suggesting bearish pressure.
Explore this further here: USD/JPY trading.