DAILY TECHNICAL ANALYSIS FOR JANUARY 26, 2022
EUR/USD
Current level – 1.1306
During yesterday’s trading session, the currency pair made an unsuccessful attempt at breaching the critical support at 1.1280 and, at the time of writing, it is heading back towards the resistance level of 1.1330. The forecast is for the retracement to be limited by the resistance level of 1.1360 and for the bears to charge the mentioned support at 1.1280 again afterwards. A spike in volatility is possible in the last hours of the trading session when the U.S. Federal Reserve interest rate decision is to be announced (19:00 GMT).
![](https://dayfinanceltd.com/wp-content/uploads/2022/01/11-13.png)
USD/JPY
Current level – 113.84
During the last couple of days, the currency pair has been trading in the narrow range of 113.48 – 114.21 and the forecast is for the Ninja to trade in this range during most of the day as investors will be awaiting the announcement of the U.S. Federal Reserve interest rate decision (19:00 GMT). A possible breach of the lower border of the range could lead to a decline towards the support zone at 113.00, while a breach of the upper border would let the bulls attack the resistance at 114.70.
![](https://dayfinanceltd.com/wp-content/uploads/2022/01/22-13.png)
GBP/USD
![](https://dayfinanceltd.com/wp-content/uploads/2022/01/33-13.png)
Gold price resumes the rise
![](https://dayfinanceltd.com/wp-content/uploads/2022/01/44-12-1024x476.png)
Gold price resumed its positive trading clearly yesterday, reinforcing the expectations of continuing the bullish trend domination, organized inside the bullish channel that appears on the chart, getting continuous positive support by the EMA50, waiting to test 1860.00 level, which breaching it represents the key to rally towards 1900.00 barrier as a next main station.
Holding above 1825.15 is important to continue the expected rise, as breaking it will press on the price to turn to decline and achieve negative targets that start by visiting 1797.00 areas.
The expected trading range for today is between 1835.00 support and 1865.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (13)
I agree with your point of view, your article has given me a lot of help and benefited me a lot. Thanks. Hope you continue to write such excellent articles.
A big thank you for your blog.Really looking forward to read more. Want more.
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic.
Pretty! This has been a really wonderful post. Many thanks for providing these details.
This is my first time pay a quick visit at here and i am really happy to read everthing at one place Watch bbc.persian
I m going to bookmark your web site and maintain checking for brand spanking new information.
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
This is really interesting You re a very skilled blogger. I ve joined your feed and look forward to seeking more of your magnificent post.
A big thank you for your blog,Really looking forward to read more. dubai horse race
Your article helped me a lot, is there any more related content? Thanks! https://www.binance.info/pt-PT/join?ref=S5H7X3LP
662794 171851Fascinating, but not perfect. Are you going to write a lot more? 747695
438145 777976Yeah bookmaking this wasnt a speculative decision outstanding post! . 772364