secundum Liber Abaci
Praemonitus, Praemunitus
Fibbinarchie
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
USDCHF Analysis 28/01/2026 @ 19:00 GMT
Fundamental / Economic Backdrop (short term)
The USD/CHF exchange rate — representing the strength of the US dollar (USD) against the Swiss franc (CHF) — is currently influenced by broad USD weakness and persistent demand for safe‑haven currencies. Recent market dynamics show the Swiss franc appreciating strongly against the US dollar, supported by global investors seeking perceived safety amid economic and geopolitical uncertainty.
Key macro drivers include dollar risk premium reassessment and safe‑haven flows into the franc, as well as ongoing divergence in monetary policy expectations between the Federal Reserve and the Swiss National Bank (SNB). With the Fed likely to maintain policy rates steady and uncertainty around future US policy, the dollar has struggled to find sustained demand; this dynamic has bolstered CHF demand.
Fundamental / Economic verdict
Short‑term fundamentals for USD/CHF are bearish for the US dollar relative to the franc, driven by strong franc demand in risk‑off conditions and USD weakness. This suggests continued downside pressure on USD/CHF, unless fundamental drivers for the dollar strengthen materially.
Technical and Market Sentiment (short term)
Current Spot Price: ~0.761–0.772 CHF per USD based on current live rate data.
Technical readings on live charts show that USD/CHF has been trending lower, with recent price action breaking key support zones and moving towards multi‑year lows. Moving average signals indicate bearish pressure (prices below medium and long‑term averages), and short‑term momentum indicators appear to align with the broader downtrend.
Approximate support and resistance levels derived from recent pivot and price action:
| Level | Price (Approx) |
|---|---|
| R2 | ~0.7860 – 0.7890 |
| R1 | ~0.7720 – 0.7750 |
| Current Spot Price | ~0.761 – 0.772 |
| S1 | ~0.7550 – 0.7590 |
| S2 | ~0.7440 – 0.7480 |
Resistance near 0.7720–0.7750 corresponds with several intraday pivot zones and moving average clusters, while 0.7860–0.7890 marks a more substantial supply area on broader charts. Support zones around 0.7550–0.7590 and lower near 0.7440–0.7480 are key levels where buyers have previously emerged.
Technical verdict
Technically, USD/CHF is bearish in the short term, with the prevailing trend pointing lower and resistance holding firm at higher pivot zones. Price action suggests that unless USD/CHF can reclaim above R1, downside momentum is likely to persist.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Short on rallies | ~0.7720 – 0.7750 | 0.7590 → 0.7480 | Above 0.7860 |
| Break lower | Below 0.7550 | 0.7480 → 0.7440 | Reclaim above 0.7590 |
| Pullback buy | ~0.7550 – 0.7590 | 0.7720 → 0.7860 | Below 0.7440 |
Base Case & Risk Managed Outlook
The base case anticipates continuation of bearish pressure on USD/CHF, barring a sustained breakout above key resistance near 0.7720. Traders should adopt risk‑managed short positions on rallies toward resistance, with stops above major supply zones. Protective long trades should be limited to strong support tests with tight risk controls.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bearish continuation | USD/CHF keeps trending lower | 0.7440 – 0.7590 |
| Range consolidation | Price oscillates between support and resistance | 0.7550 – 0.7720 |
| Break higher | USD strength or shift in sentiment lifts pair | 0.7720 – 0.7890 |
Summary
Fundamental / Economic verdict: Short‑term fundamentals point to bearish pressure on USD/CHF, with strong demand for the Swiss franc and broad USD weakness dominating the currency dynamic.
Technical verdict: Technically, the pair shows a bearish trend, with lower prices and key resistance levels holding firm, indicating that downtrend biases remain intact.
Overall conclusion: The short‑term outlook for USD/CHF is bearish, with strategies focused on selling rallies toward resistance and managing risk around key support zones. Continued broad USD weakness and CHF safe‑haven appeal underpin this view.
USDCHF Chart
Economic News relating to USDCHF
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
XAUUSD Analysis 28/01/2026 @ 19:15 GMT
Fundamental / Economic Backdrop (short term)
Gold (XAUUSD) continues to trade at historic highs, driven by strong safe‑haven demand, geopolitical uncertainty, and weakness in the US dollar. On 28 January 2026, spot gold surged past $5,200 per ounce and reached approximately $5,300+, reflecting broad risk‑off positioning in markets amid political tension and shifting expectations around US monetary and fiscal policy.
Key fundamental drivers include:
-
Safe‑haven flows: Heightened geopolitical and financial uncertainty has elevated gold’s appeal as a store of value.
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USD dynamics: A weakening US dollar has historically supported gold prices through XAUUSD appreciation.
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Central bank demand: Ongoing and increased central bank purchases of gold for reserve diversification continue to underpin structural demand.
Fundamental / Economic verdict
Short‑term fundamentals for XAUUSD are bullish, with safe‑haven demand and currency dynamics driving prices higher. Macro drivers remain supportive, though traders should be alert to potential shifts in dollar strength or key economic releases.
Technical and Market Sentiment (short term)
Current Spot Price: ~$5,278–5,283 per ounce (trading near 52‑week highs).
Technical indicators from multiple sources signal strong bullish momentum, with moving averages pointing to buy signals and price action maintaining upward structure. However, indicators such as RSI show overbought conditions, suggesting potential consolidation near extreme levels.
Approximate support and resistance levels based on recent pivot and technical reads:
| Level | Price (Approx) |
|---|---|
| R2 | ~5,309 – 5,330 |
| R1 | ~5,245 – 5,280 |
| Current Spot Price | ~5,278 – 5,283 |
| S1 | ~5,061 – 5,100 |
| S2 | ~4,942 – 4,980 |
Resistance: Near recent all‑time highs (~$5,309+), where profit‑taking and technical congestion could occur.
Support: Key support clusters are found near $5,061 – $5,100 and broader structural support below at $4,942 – $4,980.
Technical verdict
Technically, XAUUSD remains strongly bullish in the short term, with an upward trend intact and moving averages signalling continuation. Nevertheless, overbought conditions and proximity to historical highs suggest a degree of near‑term consolidation or corrective pullbacks is plausible before further extensions.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~5,100 – 5,245 | 5,280 → 5,330 | Below 5,061 |
| Breakout buy | Above ~5,330 | 5,380 → 5,420+ | Below 5,280 |
| Range sell | 5,245 – 5,309 | 5,100 → 5,061 | Above 5,330 |
Base Case & Risk Managed Outlook
The base case anticipates that XAUUSD will remain bullish with potential consolidation phases, especially after reaching extreme levels. Traders should consider buying pullbacks near support levels with defined stop‑loss orders. Breakouts above recent highs could present continuation opportunities, but risk management is crucial given overbought signals.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bullish continuation | Sustained safe‑haven demand drives further gains | 5,280 – 5,420+ |
| Consolidation | Price holds within recent pivot range | 5,100 – 5,330 |
| Pullback correction | Technical overbought conditions prompt retracement | 4,980 – 5,100 |
Summary
Fundamental / Economic verdict: Fundamentals for XAUUSD are bullish, supported by safe‑haven demand, central bank interest, and USD weakness.
Technical verdict: Technical indicators also indicate a bullish trend, though overbought conditions call for caution in the very short term.
Overall conclusion: The short‑term outlook for XAUUSD is positive, with strong continuation potential. However, traders should monitor key support and resistance levels for consolidation or pullback opportunities before further upside extension.
XAUUSD Chart
Economic News relating to XAUUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURUSD Analysis 28/01/2026 @ 19:30 GMT
Fundamental / Economic Backdrop (short term)
The EUR/USD pair reflects the relative strength of the euro against the US dollar, influenced by macroeconomic data, central bank policy expectations and geopolitical developments. As of 28 January 2026, EUR/USD trades near 1.190–1.20, approaching multi‑year highs supported by broad USD weakness and resilient euro sentiment. Reuters notes that the euro has climbed to just over $1.20, its strongest level since 2021, driven in part by weaker dollar dynamics and European fiscal support themes.
ECB policymakers have expressed concern that a strong euro may dampen inflation prospects, though they currently see no need to adjust policy imminently; there remains a modest chance of rate cuts later in the year if strength persists. Meanwhile, commentary from the US indicates dollar weakness against major currencies, with markets increasingly pricing in softer dollar conditions amid policy uncertainty and political factors.
Fundamental / Economic verdict
Short‑term fundamentals are mildly bullish for EUR/USD, underpinned by dollar weakness and euro resilience, tempered by ongoing ECB caution and potential shifts in US economic policy that could strengthen the greenback in the near term.
Technical and Market Sentiment (short term)
Current Spot Price: ~1.1905 USD per EUR based on live exchange data.
Technical readings indicate that EUR/USD has recently rallied toward resistance near the upper band of its recent range before retreating slightly, reflecting bullish momentum but short‑term exhaustion.
Key support and resistance levels from recent pivot analysis and chart structure:
| Level | Price (Approx) |
|---|---|
| R2 | ~1.2000 – 1.2030 |
| R1 | ~1.1925 – 1.1960 |
| Current Spot Price | ~1.190 – 1.192 |
| S1 | ~1.1800 – 1.1835 |
| S2 | ~1.1700 – 1.1750 |
Resistance near 1.2000 corresponds with the current multi‑year peak, while near‑term support around 1.1800–1.1835 aligns with recent consolidation lows. Lower support closer to 1.1700–1.1750 marks broader technical demand zones seen earlier in the year.
Technical verdict
Technically, EUR/USD shows a bullish bias overall, with price action forming higher levels near resistance and retaining a constructive structure. Nonetheless, short‑term momentum is moderating, suggesting the pair may consolidate or pull back slightly before further directional moves.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~1.1800 – 1.1835 | 1.1960 → 1.2030 | Below 1.1750 |
| Breakout buy | Above ~1.1960 | 1.2030 → 1.2100+ | Below 1.1925 |
| Range sell | 1.1925 – 1.2000 | 1.1835 → 1.1750 | Above 1.2030 |
Base Case & Risk Managed Outlook
The base case anticipates continuation of the uptrend within a consolidative range, with pullbacks toward support levels offering potential buy opportunities. Traders should apply tight risk controls, using stops below key support and seeking breakout confirmation above resistance before committing to extended moves.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bullish continuation | Break above recent highs with sustained momentum | 1.1960 – 1.2100+ |
| Consolidation | Price oscillates between established pivots | 1.1800 – 1.2000 |
| Pullback correction | Momentum slows and USD strengthens | 1.1700 – 1.1835 |
Summary
Fundamental / Economic verdict: Fundamentals are mildly bullish as EUR strength and USD weakness support upside, although central bank caution and potential policy shifts remain important.
Technical verdict: Technical structure remains bullish overall, but short‑term momentum suggests consolidation or corrective behaviour near key resistance.
Overall conclusion: The short‑term outlook for EUR/USD is positive, with a preference for buying pullbacks and breakout continuation while managing risk around pivotal levels.
EURUSD Chart
Economic News relating to EURUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
CHFJPY Analysis 28/01/2026 @ 19:45 GMT
Fundamental / Economic Backdrop (short term)
The CHF/JPY pair — which reflects the relative value of the Swiss franc against the Japanese yen — is currently trading near ¥199.2–199.4 per CHF, close to the upper end of its recent range.
Macro drivers and context:
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Recent global FX market moves have been dominated by Japanese yen strength, with the yen surging against major currencies as traders price potential intervention risk by Japanese authorities and growing confidence in inflation dynamics that could support Bank of Japan tightening.
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A strong yen generally exerts downward pressure on CHF/JPY, while a robust Swiss franc — itself viewed as a safe‑haven — can further influence cross rates in times of global uncertainty.
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Commodity and risk sentiment movements (for example, weaker USD/JPY and broader FX flows) also impact CHF/JPY dynamics, as cross‑currency rates adjust to shifting yield differentials and risk aversion.
Fundamental / Economic verdict
Short‑term fundamentals for CHF/JPY are mixed to mildly bearish for the pair (meaning downward pressure on the exchange rate), driven by yen strength on inflation and intervention‑risk narratives, although safe‑haven demand for the franc and Swiss monetary policy implications add complexity.
Technical and Market Sentiment (short term)
Current Spot Price: ~199.0–199.4 JPY per CHF (latest available live quote).
Technical sources indicate CHF/JPY remains near key resistance levels, with a mix of bullish and bearish signals from indicators: moving averages can show buy signals on longer timeframes while oscillators and pivot structures reflect potential exhaustion or range congestion.
Pivot and technical support/resistance levels (daily standard pivots):
| Level | Price (Approx) |
|---|---|
| R2 | ~200.21 – 201.89 JPY |
| R1 | ~199.65 – 200.89 JPY |
| Current Spot Price | ~199.0 – 199.4 JPY |
| S1 | ~198.54 – 198.15 JPY |
| S2 | ~197.99 – 196.41 JPY |
(Sources combine pivot point references for daily pivot structures across relevant timeframes.)
Resistance: Near 200.2–201.9 JPY, aligned with multiple pivot resistance layers and recent highs.
Support: Near 198.5–198.1 JPY and further at ~197.9–196.4 JPY, where buyers have previously emerged in recent consolidations.
Technical verdict
Technically, CHF/JPY reflects a neutral to mildly bullish bias on longer timeframes, with strong resistance ahead and mixed short‑term momentum — a breakout above key pivots could extend gains, while failure to hold above support zones would weaken the trend.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~198.5 – 199.0 | 199.6 → 200.8+ | Below 198.1 |
| Breakout buy | Above ~200.2 | 201.8 → 203.6+ | Below 199.6 |
| Range sell | 200.0 – 201.0 | 198.5 → 197.0 | Above 203.6 |
Base Case & Risk Managed Outlook
The base case anticipates that CHF/JPY will continue to oscillate near current key pivot levels, with range‑bound behaviour near resistance and support unless driven by clear fundamental catalysts. Risk management should focus on tight stops around pivot breakouts or breakdowns, with breakout confirmation required for extended directional bias.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Break higher continuity | CHF/JPY breaks resistance on yen softness or risk flow | 199.6 – 203.6+ |
| Consolidation | Price remains between key support and resistance | 198.1 – 200.8 |
| Pullback/yen dominance | Yen strength and possible intervention news weighs | 196.4 – 198.5 |
Summary
Fundamental / Economic verdict: Mixed to mildly bearish pressure on CHF/JPY is present in the short term, predominantly due to yen strength and intervention risk, balanced against safe‑haven franc dynamics.
Technical verdict: Technical structure is neutral to mildly bullish on broader timeframes, but near‑term range congestion and resistance highlight the need for clear breakouts before extended moves.
Overall conclusion: The short‑term outlook for CHF/JPY is balanced between range‑bound dynamics and breakout potential, with close attention warranted on key support and resistance levels and evolving yen fundamental drivers.
CHFJPY Chart
Economic News relating to CHFJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURJPY Analysis 28/01/2026 @ 20:00 GMT
Fundamental / Economic Backdrop (short term)
EUR/JPY reflects the exchange rate between the euro and the Japanese yen, influenced by macroeconomic trends in the euro area and Japan as well as currency‑specific drivers. As of the latest market data, EUR/JPY is trading around ~183.2 JPY per EUR, near recent consolidation levels.
European context: The euro’s relative strength has been supported by broad dollar weakness and resilient eurozone fundamentals in late 2025 and early 2026, with markets pricing modest bullish momentum for EUR crosses. However, eurozone growth and inflation trends remain uneven, and ECB policy expectations exhibit caution.
Japanese context: The yen has experienced bouts of strength amid speculation over policy shifts and intervention risk, most recently demonstrated by a sharp yen appreciation against the US dollar amid intervention talk. Continued Bank of Japan (BoJ) guidance and fiscal considerations influence yen dynamics.
Fundamental / Economic verdict
Short‑term fundamentals for EUR/JPY are neutral to mildly bearish, featuring competing forces: euro strength against major currencies balanced by yen strength and intervention risk. Diverging central bank paths and global risk sentiment add complexity to immediate directional bias.
Technical and Market Sentiment (short term)
Current Spot Price: ~183.2 JPY per EUR (latest live data).
Technical indicators from multiple sources indicate mixed short‑term signals: moving averages and oscillator readings show neutral tendencies, while price action reflects recent retracements from near 186.86 highs and consolidation pressures.
Approximate support and resistance levels based on pivot analyses and recent price action:
| Level | Price (Approx) |
|---|---|
| R2 | ~186.8 – 187.0 |
| R1 | ~184.0 – 184.3 |
| Current Spot Price | ~183.2 – 183.3 |
| S1 | ~181.7 – 182.0 |
| S2 | ~179.7 – 180.0 |
Resistance: Near the recent ~186.8–187.0 area, where price stalled and reversed lower. Support: Key demand zones are visible near ~181.7–182.0 and ~179.7–180.0 in cases of deeper pullbacks.
Technical verdict
Technically, EUR/JPY is in a neutral to mildly bullish medium‑term structure, but short‑term momentum has softened as it consolidates below recent highs. Neutral oscillator and mixed moving‑average signals suggest range‑bound behaviour unless key levels break convincingly.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~181.7 – 182.5 | 184.0 → 186.8 | Below 181.0 |
| Breakout buy | Above ~184.3 | 186.8 → 189.0+ | Below 183.2 |
| Range sell | 184.0 – 186.8 | 182.0 → 180.0 | Above 187.0 |
Base Case & Risk Managed Outlook
Base case: Range‑bound behaviour near key support and resistance levels, with consolidation between ~181.7 and ~186.8 in the near term. Traders could look for pullback buys near support with clearly defined stops and only consider breakout buys after sustained trading above R1. Risk management calls for tight stops below structural support levels.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bullish breakout | EUR/JPY breaks above recent resistance with momentum | 184.3 – 189.0+ |
| Consolidation | Price trades between support and resistance | 181.7 – 184.3 |
| Pullback correction | Yen strength drives deeper retracement | 179.7 – 181.7 |
Summary
Fundamental / Economic verdict: EUR/JPY fundamentals are neutral to mildly bearish, balancing euro resilience with yen strength and intervention dynamics.
Technical verdict: Technical signals are mixed to neutral, with consolidation dominating near recent price levels and momentum indicators lacking clear directional bias.
Overall conclusion: The short‑term outlook for EUR/JPY is balanced, favouring range‑bound trades between key support and resistance. Breakouts above resistance or breakdowns below support levels should define directional conviction for subsequent moves.
EURJPY Chart
Economic News relating to EURJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
USDJPY Analysis 28/01/2026 @ 20:14 GMT
Fundamental / Economic Backdrop (short term)
The USD/JPY exchange rate reflects the valuation of the US dollar relative to the Japanese yen and is influenced by macroeconomic indicators, monetary policy expectations, and geopolitical developments. As of the latest market data, USD/JPY is trading around ¥153.6–153.8 per USD.
Recent global financial news highlights weakness in the US dollar, with the dollar index near multi‑month lows amid continued dollar selling pressure from broad macro uncertainty. This has contributed to yen gains against the USD.
In Japan, speculation about possible coordinated currency intervention and emerging signs of a stronger yen have underpinned yen demand and pressured USD/JPY. Japanese authorities have stated they are monitoring forex markets closely and remain ready to act in cases of excessive volatility.
Monetary policy expectations also impact the pair: markets have priced in potential Bank of Japan tightening and political dynamics in Japan that could support yen strength. In contrast, the Federal Reserve’s stance remains cautious but focused on price stability, with policy expected to hold in the near term.
Fundamental / Economic verdict
Short‑term fundamentals for USD/JPY are mildly bearish, reflecting dollar weakness, yen strength, and intervention risk, though divergent monetary policy expectations and macroeconomic data will continue to influence direction.
Technical and Market Sentiment (short term)
Current Spot Price: ~153.6 JPY per USD (recent live quote).
Technical analysis shows the pair has been under downward pressure in the short term, with recent declines viewed as corrective after extended gains. Technical studies suggest the intraday bias remains on the downside unless resistance levels are reclaimed.
Approximate support and resistance levels based on pivot analysis, recent price action, and chart structures:
| Level | Price (Approx) |
|---|---|
| R2 | ~156.8 – 157.5 |
| R1 | ~155.0 – 155.5 |
| Current Spot Price | ~153.6 – 153.8 |
| S1 | ~151.9 – 152.5 |
| S2 | ~149.5 – 150.3 |
Resistance near 155.0–155.5 JPY would be a key level for short‑term upside confirmation, while support around 151.9–152.5 JPY and deeper near 149.5–150.3 JPY could act as demand zones in pullbacks.
Market sentiment indicators show mixing signals across timeframes: shorter‑term trend readings show bearish momentum, while longer‑term indicators are more neutral. Momentum oscillators reflect potential oversold conditions, though confirmation is needed for directional conviction.
Technical verdict
Technically, USD/JPY is neutral to bearish in the short term, with price action suggesting corrective behaviour and downward momentum. Key support and resistance levels will be crucial for confirming trend continuation or reversal.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~151.9 – 152.8 | 155.0 → 156.8 | Below 151.5 |
| Breakout buy | Above ~155.5 | 157.5 → 159.0+ | Below 155.0 |
| Range sell | 155.0 – 156.8 | 152.5 → 149.5 | Above 157.5 |
Base Case & Risk Managed Outlook
The base case anticipates continued range‑bound or mild downward movement in USD/JPY amid prevailing yen strength and dollar weakness. Pullbacks toward S1/S2 support zones could present buy setups on dips, while breakout buys require sustained moves above R1. Risk management is critical; stop‑loss orders should guard against unexpected intervention announcements or macro surprises.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bearish continuation | USD/JPY declines further with dominant yen strength | 149.5 – 152.5 |
| Consolidation | Pair trades sideways within established pivots | 152.5 – 155.0 |
| Bullish reversal | Break above resistance on USD strength | 155.5 – 159.0+ |
Summary
Fundamental / Economic verdict: USD/JPY fundamentals are mildly bearish in the short term, driven by dollar weakness, yen strength, and intervention risk.
Technical verdict: Technical signals indicate a neutral to bearish tone, with price action suggesting corrective behaviour and downward bias unless key resistance levels are broken.
Overall conclusion: The short‑term outlook for USD/JPY is cautious, with a preference for range‑bound or downward scenarios unless market conditions shift. Traders should focus on key support and resistance levels to guide strategy and apply rigorous risk management.
USDJPY Chart
Economic News relating to USDJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
GBPUSD Analysis 28/01/2026 @ 20:30 GMT
Fundamental / Economic Backdrop (short term)
Current fundamentals:
GBP/USD has traded around ~1.37–1.38 USD per GBP recently, reflecting some rebound in the pound against the US dollar after periods of volatility.
UK economic context: UK data have shown mixed signals, with ongoing concerns about domestic growth momentum and inflation shaping expectations for Bank of England (BoE) policy. Global risk sentiment and macro indicators (including retail spending and PMI data) have influenced sterling direction.
US economic context: The US dollar has experienced bouts of strength linked to Federal Reserve policy expectations and periodic risk‑off episodes in global markets, with economic data (such as labour market indicators and inflation prints) continuing to impact dollar demand. Analysts note a degree of dollar rebound from recent multi‑month lows.
Fundamental / Economic verdict
Short‑term fundamentals for GBP/USD are neutral to mildly bullish-leaning, with sterling supported by select UK data and dollar pressures from market positioning, though global macro uncertainty and mixed economic indicators temper outright conviction.
Technical and Market Sentiment (short term)
Current Spot Price: ~1.3769 USD per GBP (current rate per live market data).
Recent technical analysis suggests the pair is experiencing volatile moves around key pivot points, as traders assess both support and resistance levels.
Approximate support and resistance levels based on short‑term pivot analyses:
| Level | Price (Approx) |
|---|---|
| R2 | ~1.3815 |
| R1 | ~1.3780 |
| Current Spot Price | ~1.3765 – 1.3790 |
| S1 | ~1.3720 |
| S2 | ~1.3680 |
Technical studies indicate mixed signals across timeframes: shorter‑term oscillators show neutral momentum, while some moving‑average signals hint at underlying bullish structure on broader timeframes. Yet price action suggests pullbacks and profit‑taking near resistance influence short‑term moves.
Technical verdict
Technically, GBP/USD is neutral to mildly bullish, with recent resistance around ~1.378–1.381 acting as a cap on upside and supports near ~1.372–~1.368 helping define the lower range.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~1.3720 – 1.3750 | 1.3780 → 1.3815 | Below 1.3680 |
| Breakout buy | Above ~1.3785 | 1.3815 → 1.3850+ | Below 1.3760 |
| Range sell | 1.3780 – 1.3815 | 1.3720 → 1.3680 | Above 1.3850 |
Base Case & Risk Managed Outlook
Base case: GBP/USD is likely to remain range‑bound between key support and resistance levels in the short term as traders balance economic news and technical levels. Pullback buys near congestion support could be considered with tight risk controls, and a confirmed breakout above R1 would be required to bias towards extended gains. Stops should be placed just beyond structural levels to manage adverse moves.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bullish continuation | Break above resistance on dollar weakness or positive UK data | 1.3785 – 1.3850+ |
| Consolidation | Price stays between support and resistance | 1.3720 – 1.3815 |
| Pullback correction | USD strength or risk‑off flow lifts dollar | 1.3680 – 1.3720 |
Summary
Fundamental / Economic verdict: GBP/USD fundamentals are neutral to mildly bullish‑leaning, reflecting mixed but supportive UK and US economic signals.
Technical verdict: Technical structure is neutral to mildly bullish, with key resistance near ~1.378–1.381 and support near ~1.372–~1.368 defining the near‑term range.
Overall conclusion: The short‑term outlook for GBP/USD remains balanced, favouring range‑bound setups with cautious breakouts above resistance for a bullish bias and attention to support levels for downside risk.
GBPUSD Chart
Economic News relating to GBPUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURGBP Analysis 28/01/2026 @ 20:46 GMT
Fundamental / Economic Backdrop (short term)
Current fundamentals:
EUR/GBP is currently trading at approximately 0.865 GBP per EUR. The pair reflects the relative strength between the euro (EUR) and the British pound sterling (GBP), with economic data from both the eurozone and the UK influencing sentiment. UK economic indicators (including stronger recent retail sales and PMI data) have supported the pound, while eurozone growth data have been mixed, with cautious remarks from the European Central Bank (ECB) tempering euro gains.
Monetary policy divergence also plays a role: markets monitor the ECB’s stance relative to the Bank of England (BoE), with potential rate differentials influencing capital flows between the euro and the pound.
Fundamental / Economic verdict
Short‑term fundamentals for EUR/GBP are mildly bearish, driven by pound resilience on strong UK data and cautious eurozone indicators, and ECB/BoE policy expectations.
Technical and Market Sentiment (short term)
Current Spot Price: ~0.865 GBP per EUR (recent live quotes).
Technical analysis shows EUR/GBP hovering near recent lows, with bearish bias evident as the pair remains below key resistance levels. Indicators from trading platforms suggest broadly bearish technical sentiment, with moving averages and oscillators aligned to sell signals.
Approximate support and resistance levels based on recent pivot points and chart action:
| Level | Price (Approx) |
|---|---|
| R2 | ~0.8740 – 0.8744 |
| R1 | ~0.8715 – 0.8720 |
| Current Spot Price | ~0.8645 – 0.8660 |
| S1 | ~0.8618 – 0.8631 |
| S2 | ~0.8550 – 0.8600 |
Resistance: Near ~0.8715–0.8720, with stronger resistance around ~0.8740–0.8744 failing recent break attempts. Support: Near the ~0.8618–0.8631 cluster and further below near ~0.8550–0.8600.
Technical verdict
Technically, EUR/GBP is bearish to neutral, with price action capped below resistance and momentum indicators aligned with sell signals. Sustained trading below major resistance levels suggests downward pressure remains intact.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~0.8618 – 0.8640 | 0.8715 → 0.8744 | Below 0.8550 |
| Breakout buy | Above ~0.8720 | 0.8744 → 0.8780 | Below 0.8685 |
| Range sell | 0.8715 – 0.8744 | 0.8631 → 0.8600 | Above 0.8780 |
Base Case & Risk Managed Outlook
Base case: EUR/GBP is likely to remain bearish to range‑bound near recent lows in the short term, with continued downward pressure unless key resistance is convincingly broken. Traders may consider buying on dips near support levels with tight risk control, particularly if price tests S1/cluster support. A breakout above R1/R2 would shift bias toward upside continuation. Risk management should favour tight stops below support and confirmation for breakout entries.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bearish continuation | Break below support on sustained euro weakness | 0.8550 – 0.8618 |
| Consolidation | Range trade between defined pivot levels | 0.8618 – 0.8715 |
| Bullish breakout | Break above resistance on euro strength | 0.8720 – 0.8780+ |
Summary
Fundamental / Economic verdict: EUR/GBP fundamentals are mildly bearish in the short term, with stronger UK data and cautious ECB signals supporting the pound relative to the euro.
Technical verdict: Technical sentiment is bearish to neutral, with the pair capped by resistance and selling pressure evident, though key support levels offer areas for potential corrective bounces.
Overall conclusion: The short‑term outlook for EUR/GBP is bearish to sideways, favouring range‑bound or downward scenarios unless a sustained breakout above key resistance levels occurs. Traders should focus on support/resistance pivots and apply rigorous risk management.
EURGBP Chart
Economic News relating to EURGBP
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
GBPJPY Analysis 28/01/2026 @ 21:01 GMT
Fundamental / Economic Backdrop (short term)
Current fundamentals:
The GBP/JPY cross rate reflects the British pound against the Japanese yen, influenced by UK and Japanese economic and monetary developments. Live market data show GBP/JPY trading around ~211.9 JPY per GBP.
UK context: The British pound’s direction is shaped by UK economic data, including labour, inflation, and growth indicators, as well as expectations around Bank of England (BoE) policy. Recent sentiment in broader markets has supported sterling, though UK macro numbers remain mixed.
Japan context: In Japan, the yen’s value is impacted by Bank of Japan (BoJ) policy outlook and speculation about potential intervention amid volatility. Recent news highlights intervention speculation boosting yen demand, pressuring GBP/JPY downward.
The pair also reacts to global risk sentiment, given GBP/JPY’s sensitivity to risk‑on / risk‑off flows: rising risk appetite tends to support GBP/JPY, while yen‑buying in risk‑off environments can depress it.
Fundamental / Economic verdict
Short‑term fundamentals for GBP/JPY are neutral to mildly bearish, reflecting yen strength and intervention risk offsetting any sterling support from UK economic resilience.
Technical and Market Sentiment (short term)
Current Spot Price: ~211.9 JPY per GBP (live rate).
Technical sentiment shows mixed to slightly bearish pressures intraday, with GBP/JPY encountering resistance near recent highs and facing downward bias as yen demand increases. Momentum indicators suggest a cooling bullish bias after attempts to breach key ceilings.
Approximate support and resistance levels based on recent live technical data:
| Level | Price (Approx) |
|---|---|
| R2 | ~214.0 – 214.5 |
| R1 | ~212.7 – 213.7 |
| Current Spot Price | ~211.5 – 212.0 |
| S1 | ~209.7 – 210.2 |
| S2 | ~208.4 – 209.0 |
Resistance near ~212.7–213.7 JPY and above around ~214.0–214.5 JPY has capped rally attempts, while support zones around ~209.7–210.2 JPY and ~208.4–209.0 JPY lie beneath.
Technical verdict
Technically, GBP/JPY is neutral to mildly bearish on shorter timeframes, with price action struggling to sustain breaks above resistance. Broader trend context remains mixed, with deeper retracements possible if key supports give way.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy on dips | ~209.7 – 210.8 | 212.7 → 214.5 | Below 208.4 |
| Breakout buy | Above ~213.7 | 214.5 → 216.0+ | Below 212.0 |
| Range sell | 212.7 – 214.5 | 210.2 → 208.4 | Above 216.0 |
Base Case & Risk Managed Outlook
Base case: GBP/JPY is likely to remain range‑bound or mildly corrective near current levels as traders weigh yen strength from intervention talk against sterling resilience. Pullbacks toward support offer potential buys on dips, while breakouts require confirmation above key resistances. Stops should be placed just beyond structural support/resistance levels to manage adverse moves.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bearish continuation | Enhanced yen demand and failure at resistance | 208.4 – 210.2 |
| Consolidation | Price oscillates between defined pivots | 209.7 – 214.5 |
| Bullish breakout | Strong pound or diminished yen pressure | 213.7 – 216.0+ |
Summary
Fundamental / Economic verdict: The short‑term fundamental outlook for GBP/JPY is neutral to mildly bearish, given yen strength and intervention risk in a mixed macro environment.
Technical verdict: Technical sentiment is neutral to mildly bearish, with resistance levels containing upside and potential downside if supports are broken.
Overall conclusion: The short‑term outlook for GBP/JPY is cautiously balanced, favouring range‑bound or downward scenarios unless a firm breakout above resistance levels occurs. Risk management around defined support/resistance pivots is essential for any tactical positioning.
GBPJPY Chart
Economic News relating to GBPJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
XAGUSD Analysis 28/01/2026 @ 21:15GMT
Fundamental / Economic Backdrop (short term)
Silver (XAG/USD) has recently traded above US$115 per troy ounce, near all‑time highs driven by safe‑haven demand, broader commodity strength and US dollar weakness.
Market participants have reacted strongly to macro uncertainty and geopolitical tensions, which have reinforced silver’s appeal as both an industrial metal and a defensive asset. Expectations that the Federal Reserve will keep interest rates unchanged following recent policy meetings have also bolstered precious metals overall, including silver.
Industrial demand fundamentals — from sectors such as solar, electric vehicles and technology — continue to support silver prices structurally, while supply constraints in physical silver have been cited as a factor enhancing price support.
Fundamental / Economic verdict
The short‑term fundamental backdrop for XAG/USD is bullish, underpinned by safe‑haven buying, industrial demand drivers and dovish monetary policy expectations, though elevated prices near historical highs could invite profit‑taking.
Technical and Market Sentiment (short term)
Current Spot Price: ~115.8 USD per ounce (XAG/USD).
Technical analysis shows silver trading near record highs (around US$115–117), with momentum indicators and moving averages signalling strong bullish bias.
Recent chart studies indicate key technical levels that define the near‑term range:
| Level | Price (Approx) |
|---|---|
| R2 | ~120.00 |
| R1 | ~117.75 – 119.60 |
| Current Spot Price | ~115.5 – 115.9 |
| S1 | ~110.00 – 111.00 |
| S2 | ~105.88 – 106.50 |
Resistance clusters are visible near the recent record ~117.75–119.60 zone, and the psychological $120.00 level may act as a higher barrier. Support lies beneath in the ~110.00 area and deeper near ~105.88–106.50.
Technical indicators from aggregated studies show strong buy signals across timeframes, though some oscillators (e.g. RSI) indicate overbought conditions, which could signal short‑term consolidation or pullbacks before continuation.
Technical verdict
The short‑term technical outlook for XAG/USD is strongly bullish, with upward momentum dominant and key support levels holding on recent dips, though overbought conditions raise the risk of corrective moves.
Strategy (short term)
Intraday – Setup and Trade Ideas
| Bias | Entry Zone | Target(s) | Invalidation |
|---|---|---|---|
| Buy the dip | ~110.00 – 112.50 | 117.75 → 120.00 | Below 105.88 |
| Breakout buy | Above ~119.60 – 120.00 | 120.00 → 124.00+ | Below 117.75 |
| Range sell | ~117.75 – 120.00 | 112.50 → 110.00 | Above 124.00 |
Base Case & Risk Managed Outlook
Base case: XAG/USD is likely to remain bullish in the short term, trading between established supports and resistances. Pullbacks into support zones (e.g. near 110.00) may offer buy‑on‑dip opportunities, while clears above 120.00 could open the door to extended upside. Given the strong momentum, risk management using tight stops below key support levels is recommended to guard against sharp corrective moves.
7 Day Outlook Scenarios
| Scenario | Description | Expected Range |
|---|---|---|
| Bullish continuation | Extended safe‑haven demand and USD weakness drive prices higher | 117.75 – 124.00+ |
| Consolidation | Profit‑taking around record highs keeps price sideways | 110.00 – 119.60 |
| Corrective pullback | Momentum wanes and overbought conditions prompt deeper retracement | 105.88 – 110.00 |
Summary
Fundamental / Economic verdict: The fundamentals for silver are bullish, supported by safe‑haven flows, industrial demand and dovish monetary policy expectations.
Technical verdict: Technical sentiment remains strongly bullish, with price action near record highs supported by positive moving averages and momentum, though overbought indicators suggest caution.
Overall conclusion: The short‑term outlook for XAG/USD is bullish, favouring continuation of the uptrend, with key support and resistance levels guiding tactical entry and exit. Traders should focus on buy‑on‑dip setups near support and monitor potential breakouts above resistance, while managing the risk of short‑term pullbacks.
XAGUSD Chart
Economic News relating to XAGUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
