Daily Technical analysis for January 26, 2021petar skakalov
The Euro is moving against the US dollar in a downward direction on the hourly interval. The pair is targeting the level of 1.2215 during the coming hours.
Resistance levels: 1.2215 – 1.2300 – 1.2400
Support levels: 1.2100 – 1.1200 – 1.1900
The GBPUSD pair is moving in an upward direction on the hourly interval The pair is targeting the 1.3800 price level, provided it stabilizes above the resistance level 1.3700.
Resistance: 1.3700 – 1.3800 – 1.3900
Support: 1.3450 – 1.3400 – 1.3300
The USDJPY pair is moving in a downward direction on the hourly interval. The price touches the upper bound of the descending channel, and it is likely to fall in the coming hours.
Resistance 104.50 – 105.00 – 106.00
Support: 103.50 – 102.00 – 101.00
Gold is moving in a sideway direction on the hourly interval. The price is below the upper boundary of the rectangle pattern, and we are waiting for it to break above to buy.
Resistance: 1860-1900- 2000
Support: 1800- 1750- 1700
Oil (Brent crude) is moving in an upward direction on the hourly interval. The price is moving in a rectangular pattern, we are waiting for the upper bound to be broken to buy or break the lower to sell.
Resistance: 57.50 – 58.00 – 59.00
Support: 53.00 – 52.00 – 51.00
Source: Technical analysis