Original article by: Mahmoud Abdallah
Source: DailyForex.com – “Pairs in Focus: 30th November to 5th December 2025”
Forex Weekly Technical Outlook: November 30 – December 5, 2025
The coming trading week will be influenced by several key technical levels and macroeconomic events that hold the potential to shift market direction across major currency pairs. With the end of the year approaching, market volatility may rise as traders position themselves ahead of year-end flows, monetary policy signals, and geopolitical developments.
In this weekly analysis, we examine the major Forex pairs, offering a comprehensive technical view for EUR/USD, GBP/USD, USD/JPY, and other prominent pairs. This breakdown includes support and resistance levels, likely scenarios, and insights derived from market sentiment, chart trends, and momentum indicators.
EUR/USD Technical Outlook
EUR/USD was subject to heightened volatility in recent sessions, hovering around its psychological resistance at 1.1000 before seeing moderate pullbacks. Traders are closely watching European Central Bank (ECB) communications and inflation figures for clues on possible rate adjustments.
– The pair posted short-term bullish momentum in November, driven by speculation the Fed is likely to pause or cut rates in early 2026.
– However, the bullish trend is facing challenges, especially since the pair remains constrained below the resistance at 1.1050.
– The 50-day moving average near 1.0850 acts as the immediate support.
– RSI on daily charts is near 60, indicating mild bullishness, but it’s nearing overbought territory.
– If EUR/USD breaks and sustains above 1.1050, the next resistance levels are at 1.1100 and 1.1175.
– On the downside, losing 1.0850 could push prices lower toward 1.0720, a key retracement zone.
– MACD remains in positive territory but shows flattening momentum, suggesting consolidation ahead.
Traders should monitor upcoming ECB remarks and German economic data, particularly inflation and retail sales, for directional clues.
GBP/USD Technical Outlook
The British pound remained resilient in November, buoyed by hawkish BOE commentary and better-than-expected macro indicators including services PMI and wage growth figures.
– GBP/USD is trading within a rising channel on the 4-hour and daily timeframes.
– Resistance can be found at 1.2750, followed by 1.2840.
– Support levels are seen at 1.2550 and then the crucial 1.2450 level, where buyers previously emerged.
– The RSI is hovering around 58 to 62, signifying bullish momentum but with potential for short-term corrections.
– Price remains comfortably above its 100-day moving average, further reinforcing bullish bias.
As long as the pair holds above key support levels, bullish sentiment is likely to dominate. However, excessive optimism can be tempered if U.S. job data during the week beats expectations, increasing demand for the greenback.
USD/JPY Technical Outlook
USD/JPY recorded choppy sessions as the yen attempted several rebounds, driven by concerns about BoJ’s future tightening moves to provide yield relief for the yen. However, the dollar remains in favor due to its interest rate advantage.
– The pair trades around 148.00 as sellers resist any approach toward the 150.00 mark.
– Support is found around 147.20 and 146.40. A break below 146.00 may lead to fresh downside targeting 144.80 and 144.00.
– Resistance is located at 149.30, with further gains likely if the pair breaks above this level convincingly.
– MACD has flattened below the zero line on the 4-hour chart, showing indecisiveness.
– RSI is neutral near 50, suggesting a wait-and-see bias.
This week’s U.S. Non-Farm Payrolls data and comments from BoJ officials regarding upcoming monetary
Explore this further here: USD/JPY trading.