Forex Technical Major Pairs Analysis – November 28, 2025
Original Source: FXDailyReport.com
Author: Yohay Elam
The Forex market remains dynamic with major currency pairs reflecting varying trends as investors digest the latest macroeconomic data and policy statements. On November 28, 2025, several major pairs exhibit technical indicators that may suggest either trend continuation or potential reversals. Traders and investors should stay alert to these signals to make informed trading decisions. Below is a comprehensive technical analysis of the major Forex currency pairs.
EUR/USD – Consolidation Continues as Market Awaits Breakout
The EUR/USD pair has been trading sideways over recent sessions, fluctuating within a defined range. The currency pair has failed to break above the 1.1000 resistance level but remains supported at the 1.0900 handle.
Key Technical Observations:
– The pair trades above the 200-day moving average (MA), which suggests underlying bullish pressure.
– Immediate resistance stands at 1.1000; a break above this level could open the door to 1.1100.
– Key support lies at 1.0900, with a stronger floor forming near the 1.0800 level.
– The Relative Strength Index (RSI) hovers near the 50 level, indicating neutral momentum.
– Moving Average Convergence Divergence (MACD) signals are lacking clear directional bias but remain positive.
Outlook:
With the pair holding above its 200-day MA and approaching the key resistance of 1.1000, a confirmed breakout could initiate a medium-term bullish phase. However, until a definitive move occurs, consolidation may persist between the current support and resistance levels.
GBP/USD – Bulls Test Upper Range Amid Fiscal Policy Speculation
The GBP/USD currency pair has shown strength as it works its way toward testing resistance near 1.2700. The bullish sentiment is fueled by market optimism regarding potential tax reforms and monetary outlook adjustments in the United Kingdom.
Technical Highlights:
– GBP/USD is trading above both its 50-day and 200-day moving averages.
– Resistance levels can be observed at 1.2700, followed by 1.2800.
– Support levels are noted at 1.2600 and further below at 1.2500.
– RSI signals mildly overbought conditions, suggesting some caution near resistance.
– MACD remains in positive territory, with histogram bars expanding marginally.
Outlook:
Momentum indicators are favoring bulls, although some consolidation or profit-taking could occur near major resistance levels. A close above 1.2700 on strong volume may initiate a move toward the next resistance band at 1.2800.
USD/JPY – Bearish Reversal Gains Momentum After Policy Comments
The USD/JPY has shifted its momentum downward following recent commentary from the Bank of Japan, which indicated a possibility of shifting away from ultra-loose monetary policy earlier than expected. The yen has since strengthened, applying pressure to the dollar.
Key Technical Factors:
– The pair recently dropped below its ascending trendline from September lows.
– Resistance now lies at 149.00 and then 150.00, which previously served as psychological thresholds.
– Support is being tested near 147.30, with further downside potential toward 146.00.
– RSI shows bearish divergence from previous peaks, indicating a weakened uptrend.
– MACD has crossed below the signal line, suggesting sustained bearish pressure.
Outlook:
Trendline violations and waning bullish momentum point to an increased likelihood of a short-term bearish reversal. Bears may target lower levels, particularly if the pair breaks below the 147.00 area.
USD/CHF – Downtrend Resumes After Failed Breakout Attempt
The USD/CHF pair attempted to push higher last week, but stronger Swiss franc buying pressure pushed the dollar lower again. This failed breakout signals a potential resumption of the previous downtrend.
Key Technical Observations:
– The price remains below
Explore this further here: USD/JPY trading.