secundum Liber Abaci
Praemonitus, Praemunitus
Fibbinarchie
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
USDCHF Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
The USD/CHF currency pair reflects the interplay between US monetary policy and Swiss National Bank (SNB) policy, along with broader risk sentiment and safe‑haven demand. The US dollar has weakened recently amid expectations of Federal Reserve rate cuts, softer US inflation data and dovish market pricing on interest rate direction. This has weighed on USD/CHF and supported the Swiss franc. FXStreet
The Swiss franc remains a classic safe‑haven currency, often appreciating when risk sentiment deteriorates or when the US dollar loses appeal. Meanwhile, the SNB has maintained a relatively cautious policy stance, with rates unchanged and an “expansive” tone that can bolster CHF strength. FXStreet
Today’s USD/CHF spot is trading around 0.7949–0.7954, with recent price action showing the pair near multi‑month lows. TradingView
Fundamental / Economic verdict
The short‑term fundamental outlook for USD/CHF is mildly bearish on the dollar, with markets pricing further Fed accommodation and persistent demand for the safe‑haven franc. Diverging monetary policy expectations and global risk dynamics are key drivers of near‑term pressure on USD/CHF. FXStreet
Technical and Market Sentiment (short term)
Current Spot Price: ~0.7950 CHF per USD. TradingView
Technical developments point to a neutral to mildly bearish bias in the short term. Recent pivot‑based analysis indicates the pair is trading below a key resistance zone, while support levels are being tested. Momentum indicators have shown mixed signals, with a neutral slope on many timeframes. ActionForex
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 0.7986 (near‑term resistance) ActionForex |
| R1 | 0.7952 (pivot resistance) ActionForex |
| Current Spot Price | ~0.7950 TradingView |
| S1 | 0.7900 (minor support) ActionForex |
| S2 | 0.7860 (lower support cluster) ActionForex |
Technical context:
-
A break above R1/R2 near 0.795–0.7986 would suggest corrective strength and could open a rebound scenario.
-
Breakdown below S1/S2 would reinforce the bearish technical structure and target lower support levels. ActionForex
Technical verdict
The short‑term technical bias is neutral to bearish, with the pair under pressure near recent lows and key resistance overhead. Breaks in either direction around the pivot zone will guide immediate momentum. ActionForex
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bearish continuation | Breakdown below S1 0.7900 | Sell retrace 0.7920–0.7940 | Above 0.7986 | S2 0.7860, lower | Aligns with negative bias |
| Range bounce buy | Support hold at S1 0.7900 | Buy around 0.7890–0.7905 | Below S2 0.7860 | R1 0.7952, R2 0.7986 | Plays support reaction |
| Resistance sell | Rejection near R2 0.7986 | Sell under 0.7980 | Above 0.8000 | R1 0.7952, S1 0.7900 | Fade at upper resistance |
| Bullish breakout | Break above R2 0.7986 | Buy on retest 0.7970–0.7980 | Below 0.7950 | 0.8020, 0.8050 | Requires corrective strength |
Base Case & Risk Managed Outlook
-
Base case: USD/CHF remains in a neutral to bearish consolidation, with downward bias unless the pair clears near‑term resistance and sustains above pivot levels.
-
Risk management: Stops should be placed beyond key pivot levels with consideration for news catalysts (Fed/SNB commentary, risk sentiment changes) that can spark impulsive moves.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bearish continuation | Dovish USD sentiment & safe‑haven CHF demand | Below S1 0.7900 | Target S2 0.7860 then lower |
| Neutral range trade | Mixed data and technical congestion | S1–R2 | Sideways in 0.790–0.798 range |
| Bullish corrective break | Temporary USD rebound above resistance | Above R2 0.7986 | Test 0.8020+ |
Summary
Fundamental / Economic verdict: The backdrop for USD/CHF remains slightly bearish, driven by expectations of further Fed rate cuts, persistent Swiss franc safe‑haven demand, and cautious SNB policy, favouring CHF strength against the dollar. FXStreet+1
Technical verdict: Short‑term technicals are neutral to bearish, with the pair trading near recent lows, key resistance overhead, and support levels guiding immediate directional bias. ActionForex
Overall, the outlook suggests downside pressure on USD/CHF remains intact near current levels, with corrective strength possible only if resistance zones are cleared. Traders should monitor key support and resistance levels for entry and risk management.
USDCHF Chart
Economic News relating to USDCHF
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
XAUUSD Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
Gold (XAU/USD) continues to trade at elevated levels near historical peaks, supported by a combination of safe‑haven demand, expectations of U.S. interest rate cuts, and robust central bank buying. Recent events including heightened geopolitical tensions have lifted gold prices toward record territory. Spot gold rose to around $4,485/oz – $4,490/oz on 6 Jan 2026, near the December 2025 high of ~$4,550/oz. Investing.com+1
Markets are pricing in further Federal Reserve rate cuts, which typically reduce the opportunity cost of holding non‑yielding assets like gold. Ongoing demand from institutional buyers and central banks, alongside broader macroeconomic uncertainty, continues to underpin precious metals. Forecasts from major financial institutions also suggest further upside later in 2026. Reuters+1
Fundamental / Economic verdict
The short‑term fundamental outlook for XAUUSD remains bullish, driven by safe‑haven demand, dovish monetary policy expectations in the U.S., and continued central bank accumulation. Elevated geopolitical risks and persistent demand from institutional investors reinforce the constructive backdrop.
Technical and Market Sentiment (short term)
Current Spot Price: ~$4,485 per ounce (latest live quotes). Investing.com
Technical indicators suggest that gold remains in a strong uptrend, with momentum supportive of further gains as long as key support levels hold. Recent price action has seen gold consolidate around highs after breaking above short‑term retracement zones, which may now act as support. Pivot‑based analysis and broader technical studies show bullish momentum, although prices are extended and susceptible to short‑term pullbacks. FXStreet+1
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 4,550 (record high resistance) |
| R1 | 4,475 (near‑term resistance) |
| Current Spot Price | ~4,485 Investing.com |
| S1 | 4,405 (short‑term support / retracement zone) |
| S2 | 4,350 (deeper support cluster) |
Levels derived from recent price highs, pivot point zones, and short‑term technical thresholds. FXStreet
Technical verdict
The short‑term technical bias is bullish, with momentum indicators and price structure favouring continuation above support levels. However, extended price levels near all‑time highs suggest increased potential for consolidation or range‑bound movement in the near term if resistance constrains further advance.
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bullish continuation | Break above R2 4,550 | Buy on pullback 4,480–4,500 | Below 4,400 | 4,600+ | Trend continuation near highs |
| Range resistance sell | Rejection near R2 4,550 | Short under 4,540 | Above 4,570 | R1 4,475, S1 4,405 | Fade at upper resistance |
| Support bounce buy | Bounce at S1 4,405 | Buy around 4,390–4,420 | Below S2 4,350 | R1 4,475, R2 4,550 | Play pullback hold |
| Breakdown continuation | Breakdown below S2 4,350 | Sell retrace 4,360–4,390 | Above 4,420 | 4,300, 4,250 | Confirms deeper correction |
Base Case & Risk Managed Outlook
-
Base case: XAUUSD remains in a bullish consolidation, where support levels hold and momentum favours continuation above short‑term resistance.
-
Risk management: Use structured stops below support clusters, and monitor macro catalysts (Fed data, CPI, geopolitical news) that can induce volatility.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bullish continuation | Safe‑haven demand and dovish policy persist | Above R1/R2 | Test new highs beyond 4,550 |
| Range consolidation | Profit taking and overbought signals | Between S1–R2 | Oscillate within defined range |
| Bearish correction | Strong USD or fading momentum | Below S1/S2 | Probe 4,350 then lower |
Summary
The Fundamental / Economic verdict indicates a bullish environment for XAUUSD, supported by safe‑haven flows, expectations of U.S. rate cuts, and significant institutional and central bank demand. Reuters+1
The Technical verdict confirms a bullish bias, with strong momentum and price action near all‑time highs, while key support levels provide risk‑control anchors. Investing.com
Overall, the short‑term outlook for gold remains constructive, with continuation above current levels likely if support holds. Consolidation within defined ranges is possible before further extensions, and breaks beyond resistance would signal renewed upside potential.
XAUUSD Chart
Economic News relating to XAUUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURUSD Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
The EUR/USD pair reflects ongoing monetary policy divergence and macroeconomic data flows. Mixed Eurozone data including softer PMI and inflation figures has weighed on the euro, while US economic indicators and Fed policy expectations continue to influence the dollar’s strength. Recent German CPI data showed deceleration, suggesting cooling price pressures in the euro area. FXStreet
Concurrently, the US dollar has shown intermittent strength, supported by higher Treasury yields and resilient risk sentiment, while markets remain sensitive to incoming US employment and inflation data that could shape Federal Reserve policy expectations. Barchart.com
Fundamental / Economic verdict
The fundamental outlook for EUR/USD is currently mixed to slightly bearish, driven by softening Eurozone economic data and intermittent US dollar strength, though broader macro drivers such as Fed versus ECB policy expectations create ongoing short‑term volatility. FXStreet
Technical and Market Sentiment (short term)
Current Spot Price: ~1.1700 USD per EUR. TradingView
Technical indicators show pressure around key technical zones, with the pair struggling to sustain above the 1.1700–1.1750 range and recent momentum indicators skewed toward downside on shorter timeframes. Some technical platforms highlight a bearish bias with sell signals on moving averages and oscillators, although longer‑term signals remain mixed. Investing.com+1
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 1.1752 (upper pivot resistance) ActionForex |
| R1 | 1.1718 (pivot resistance) ActionForex |
| Current Spot Price | ~1.1700 TradingView |
| S1 | 1.1684 (pivot support) ActionForex |
| S2 | 1.1667 (lower pivot support) ActionForex |
Technical context:
-
The pair has been choppy around the 1.1700 zone, with momentum indicators suggesting pressure below several moving averages and pivot resistances. FXStreet
-
Support levels near S1/S2 will be key to watch for downside continuation or potential bounces. ActionForex
Technical verdict
The short‑term technical bias is neutral to bearish, reflecting resistance near the mid‑1.17s and weakening momentum on key indicators below major moving averages, although consolidation around pivot levels leaves room for range‑bound action. Investing.com+1
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bearish continuation | Breakdown below S1 1.1684 | Sell on retrace 1.1690–1.1705 | Above R1 1.1718 | S2 1.1667, lower | Momentum skewed lower |
| Range support bounce | Bounce at S2 1.1667 | Buy near 1.1655–1.1675 | Below 1.1630 | R1 1.1718, R2 1.1752 | Plays support hold |
| Resistance sell | Rejection near R2 1.1752 | Sell under 1.1745 | Above 1.1765 | R1 1.1718, S1 1.1684 | Fade near upper pivot |
| Bullish breakout | Break above R2 1.1752 | Buy on pullback 1.1735–1.1745 | Below 1.1700 | 1.18+ | Requires clear upside momentum |
Base Case & Risk Managed Outlook
-
Base case: EUR/USD remains range‑bound near 1.1660–1.1750, with a slightly bearish tilt unless resistance thresholds are convincingly overcome.
-
Risk management: Use clear pivot levels for stop placement and be alert to macro releases (employment, CPI) that can trigger volatility spikes.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bearish continuation | Dollar strength and weak Euro data | Below S1 1.1684 | Test S2 1.1667, then lower |
| Neutral range trade | Mixed momentum and consolidation | Between S2–R2 | Oscillate within range |
| Bullish corrective break | Dollar softens and Euro gains traction | Above R2 1.1752 | Test 1.18 and higher |
Summary
Fundamental / Economic verdict: The fundamental backdrop is mixed to slightly bearish for EUR/USD, with soft Eurozone data and intermittent US dollar strength exerting pressure, while broader macro uncertainties influence short‑term flows. FXStreet
Technical verdict: The technical outlook is neutral to bearish, with the pair trading around key pivot levels and momentum indicators showing downside skew, but support levels could induce range‑bound behaviour. Investing.com+1
Overall, the short‑term outlook for EUR/USD suggests range‑bound risk with a bearish leaning, where breaks of established support or resistance will be key drivers for direction in the coming sessions.
EURUSD Chart
Economic News relating to EURUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
CHFJPY Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
The CHF/JPY pair reflects dynamics between Swiss and Japanese monetary policy, safe‑haven demand, and global risk sentiment. Both the Swiss franc and the Japanese yen are traditionally viewed as safe‑haven currencies, which often leads to strength in times of uncertainty; however, their relative performance depends on differences in economic data, interest rate expectations, and shifts in global risk appetite. ScoreCM
Recent market commentary highlights that CHF/JPY has been trading within a defined ascending channel, with price recently testing trend‑line support levels, indicating continued interest from buyers around key technical zones. FX Daily Report
Monetary policy divergence remains a key driver: the Swiss National Bank (SNB) has maintained a relatively balanced stance with moderate interest rates, while the Bank of Japan (BOJ) has signalled shifts toward tighter policy after years of ultra‑accommodation, supporting the franc against the yen. Broader risk‑on sentiment (weaker yen) can also push the pair higher as capital seeks higher‑yielding or relatively stronger currencies. ScoreCM
Fundamental / Economic verdict
The short‑term fundamental outlook for CHF/JPY is cautiously constructive, supported by monetary policy divergence and relative strength in the Swiss franc, alongside safe‑haven and risk sentiment drivers that can accentuate movements in this cross. Continued macroeconomic releases from Switzerland and Japan, particularly inflation and central bank communications, will remain important catalysts.
Technical and Market Sentiment (short term)
Current Spot Price: ~197.0–197.1 JPY per CHF. Investing.com
Technical readings show CHF/JPY near multi‑session highs with mixed momentum indicators. Pivot‑based levels indicate CHF/JPY trading close to medium‑term resistance zones, while moving averages and oscillators from some platforms show bearish signals (e.g., RSI and MACD skewing lower), suggesting that near‑term momentum could be slowing. Investing.com
Recent analysis notes that price has been testing an ascending trend‑line support, reflecting continued interest from buyers around key technical zones, but near overhead resistance, upside momentum may face constraint. FX Daily Report
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 197.54–197.77 (upper resistance pivots) ActionForex |
| R1 | 197.11–197.33 (near‑term resistance) ActionForex |
| Current Spot Price | ~197.0–197.1 Investing.com |
| S1 | ~196.89–196.93 (near support) ActionForex |
| S2 | ~196.66–196.86 (lower support) ActionForex |
Technical context:
-
The pair is trading around pivot resistance levels with near‑term upside dependent on clearing R1/R2 zones. ActionForex
-
Momentum indicators (RSI, MACD) from some technical feeds show mixed bearish signals, suggesting caution on bullish continuation unless prices sustain above resistance. Investing.com
Technical verdict
The short‑term technical outlook is neutral to mildly bullish, with price action near resistance and mixed momentum readings. Support levels near S1/S2 provide key zones for downside risk control, while a break above R1/R2 would favour continuation of the broader uptrend.
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bullish continuation | Break above R2 ~197.54–197.77 | Buy on pullback 197.10–197.30 | Below S1 ~196.89 | Above 198.00 | Favour continuation if momentum returns |
| Range resistance sell | Rejection near R2 | Sell under 197.60 | Above 197.80 | R1 ~197.11, S1 ~196.89 | Fade near key resistances |
| Support bounce buy | Bounce near S1 ~196.89 | Buy around 196.70–196.95 | Below S2 ~196.66 | R1 ~197.33, R2 ~197.77 | Play support reactions |
| Breakdown continuation | Break below S2 ~196.66–196.86 | Sell on retrace 196.80–197.00 | Above 197.11 | 196.00, 195.50 | Signals deeper correction |
Base Case & Risk Managed Outlook
-
Base case: CHF/JPY remains in a neutral to mildly bullish consolidation, with key resistance levels defining near‑term upside and momentum indicators requiring confirmation for extended moves.
-
Risk management: Stops should be placed beyond support and resistance pivots, accounting for the pair’s relatively moderate volatility. Monitor macroeconomic data (e.g., Swiss CPI, BOJ decisions) that can spark directional shifts.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bullish continuation | Trend remains supported with risk‑off or divergence | Above R2 | Test and potentially break highs |
| Neutral range trade | Mixed momentum and consolidation around pivot zones | Between S1–R2 | Range‑bound between support & resistance |
| Bearish correction | Momentum fades and selling pressure increases | Below S1/S2 | Decline toward 196.00+ |
Summary
Fundamental / Economic verdict: The fundamental backdrop for CHF/JPY is cautiously constructive, supported by monetary policy divergence, safe‑haven dynamics and relative strength in the franc against the yen, with macro data and central bank actions poised to influence near‑term flow. ScoreCM+1
Technical verdict: The technical outlook is neutral to mildly bullish, with price trading near resistance pivot levels and mixed momentum indicators. Key support and resistance zones will guide near‑term direction. ActionForex+1
Overall, CHF/JPY’s short‑term outlook suggests cautious upside potential, provided resistance levels are overcome, while support zones offer risk control on any pullbacks. Continued monitoring of macro releases and technical triggers will be essential for trading decisions.
CHFJPY Chart
Economic News relating to CHFJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURJPY Analysis for Wednesday, January 07, 2026
Fundamental / Economic Backdrop (short term)
The short-term fundamental backdrop for EURJPY remains shaped by monetary policy divergence, risk sentiment, and yield differentials.
The euro continues to draw moderate support from expectations that the ECB will maintain a relatively restrictive stance for longer compared with the Bank of Japan, even as growth momentum in the Eurozone remains uneven. While recession risks persist in parts of the bloc, inflation stickiness and cautious ECB communication continue to underpin the euro on dips.
In contrast, the Japanese yen remains structurally weak. Although the Bank of Japan has incrementally adjusted policy settings, real yields in Japan remain deeply negative, and the pace of normalisation is still perceived as slow. As a result, the yen remains sensitive to global risk appetite and US/EU yield dynamics rather than domestic fundamentals.
From a risk perspective, EURJPY remains exposed to sudden risk-off episodes, which tend to trigger short-term yen strength through safe-haven flows. However, in the absence of acute global stress, carry-driven flows continue to favour EURJPY upside.
Fundamental / Economic verdict
The short-term fundamental outlook is modestly bullish EURJPY, driven by persistent yield differentials and subdued BoJ normalisation expectations. However, upside momentum is tempered by elevated positioning and sensitivity to global risk sentiment.
Technical and Market Sentiment (short term)
EURJPY is trading near 183.06, consolidating below recent highs after an extended bullish phase. Market structure remains constructive but shows signs of near-term exhaustion, favouring range-to-corrective price action unless a clear breakout occurs.
Momentum indicators on the daily timeframe have eased from overbought conditions, while intraday structure suggests buy-the-dip behaviour remains dominant above key supports.
Key support and resistance levels
| Level label | Price level |
|---|---|
| R2 | 184.60 |
| R1 | 183.90 |
| Current Spot Price | 183.06 |
| S1 | 182.30 |
| S2 | 181.20 |
-
R1–R2 represents the supply zone where prior upside attempts have stalled.
-
S1 is the first line of defence for bulls; a sustained break below weakens the immediate structure.
-
S2 marks the lower bound of the current short-term range and a key trend-validation level.
Technical verdict
The technical outlook is neutral-to-bullish. The broader trend remains upward, but short-term price action favours consolidation or shallow pullbacks unless price sustains above R1 and R2.
Strategy (short term)
Intraday / Wednesday, January 07, 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 182.30–182.60 | Below 181.20 | 183.50 / 183.90 | Trend continuation from S1 |
| Breakout buy | Bullish | Above 184.00 | Below 183.30 | 184.60 / 185.20 | Momentum re-acceleration |
| Range sell | Bearish | 183.80–184.20 | Above 184.60 | 182.60 / 182.30 | Fade resistance in consolidation |
| Breakdown sell | Bearish | Below 181.20 | Above 182.30 | 180.40 / 179.80 | Deeper corrective move |
Base Case & Risk Managed Outlook
-
Base case: EURJPY consolidates between 182.30 and 184.00, with buyers defending pullbacks.
-
Risk management: Elevated volatility risk around global equity moves and rates expectations; tighter stops recommended near range extremes.
-
Invalidation: Sustained daily close below 181.20 would signal a broader corrective phase.
7 Day Outlook Scenarios
| Scenario | Probability | Key drivers | Expected behaviour |
|---|---|---|---|
| Bullish continuation | Medium | Stable risk sentiment, yield support | Break above 184.60 towards 186.00 |
| Range consolidation | High | Profit-taking, neutral macro flow | Sideways trade 182.30–184.00 |
| Corrective pullback | Low–Medium | Risk-off shock, JPY safe-haven bid | Move towards 180.00–181.20 |
Summary
Fundamental / Economic verdict: EURJPY retains a modestly bullish short-term bias, supported by persistent yield differentials and limited BoJ tightening expectations, while remaining vulnerable to abrupt risk-off moves.
Technical verdict: The technical structure is neutral-to-bullish, with the broader uptrend intact but near-term price action favouring consolidation below recent highs.
Overall, EURJPY is best approached with a buy-on-dips or range-trading strategy in the immediate term, while monitoring risk sentiment closely for signals of either breakout continuation or corrective retracement.
EURJPY Chart
Economic News relating to EURJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
USDJPY Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
The USD/JPY exchange rate remains influenced by monetary policy divergence between the Federal Reserve (Fed) and the Bank of Japan (BoJ), US economic data, and Japanese macro conditions. The US dollar has found support as investors look to the Fed’s outlook for rate cuts and inflation data, while the BoJ’s gradual shift toward tighter policy and local economic indicators continue to affect yen dynamics. FXStreet+1
Japanese economic data has shown relative weakness, including a contraction in GDP and ongoing Yen weakness, which has supported USD/JPY strength. Equiti Default Meanwhile, US data such as employment and inflation prints continue to shape expectations for Fed policy and thus dollar demand. FXStreet
Fundamental / Economic verdict
The fundamental outlook for USD/JPY is mildly bullish to neutral in the short term, supported by monetary policy divergence and broader macro drivers that continue to favour dollar strength. However, upcoming economic releases (e.g., employment, CPI) and any shifts in BoJ communications can quickly alter near‑term sentiment. FXStreet
Technical and Market Sentiment (short term)
Current Spot Price: ~156.6 JPY per USD (latest available). TradingView
Technical data shows the pair trading in a neutral to bullish range, with pivotal support holding and upside resistance capping extensions. Technical indicators such as moving averages and pivot levels suggest range‑bound behaviour near major structural levels, with momentum mixed across short‑term indicators. ActionForex+1
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 158.85 – key structural resistance ActionForex |
| R1 | 157.09–157.75 – near‑term resistance cluster ActionForex+1 |
| Current Spot Price | ~156.6 JPY TradingView |
| S1 | 155.91–156.00 – near support pivot ActionForex+1 |
| S2 | 154.33–154.73 – deeper support zone ActionForex+1 |
Technical context:
-
The pair remains above key support levels with intraday bias neutral but bullish as long as S1 holds. ActionForex
-
Breaking above R2 would open further upside toward multi‑session highs; a break below S2 would risk deeper corrective movement. ActionForex
Technical verdict
The technical outlook is neutral to mildly bullish, anchored by support pivots and capped by significant resistance. Mixed signals from momentum indicators and oscillators suggest consolidation within the established range, with direction dependent on breaks of key support or resistance levels. ActionForex+1
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bullish continuation | Break above R2 158.85 | Buy on pullback 157.50–158.10 | Below S1 156.0 | 159.50+ | Favour upside if range breaks |
| Resistance sell | Rejection near R1 157.75 | Short under 157.70 | Above 158.0 | 156.6, S1 156.0 | Fade near resistance |
| Support bounce buy | Hold at S1 155.91–156.00 | Buy around 155.80–156.20 | Below S2 154.3 | R1 157.09, R2 158.85 | Play support hold |
| Breakdown continuation | Break below S2 154.33–154.73 | Sell on retrace 154.80–155.20 | Above 156.0 | 153.50, 152.50 | Confirms deeper correction |
Base Case & Risk Managed Outlook
-
Base case: USD/JPY remains range‑bound with a mild bullish bias, supported by structural support and policy divergence.
-
Risk management: Use pivot anchors for stop placement; macro data (e.g., US NFP, CPI, BoJ commentary) are key catalysts for volatility.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bullish breakout | Resolution above R2 with macro support for USD strength | Above 158.85 | Test 160+, resume uptrend |
| Range consolidation | Mixed macro sentiment and technical congestion | Between S2–R2 | Oscillate within pivot range |
| Bearish correction | Yen strength or USD weakness and break below S2 | Below 154.33 | Probe 153.50, 152.50 |
Summary
Fundamental / Economic verdict: The fundamental backdrop remains mildly bullish to neutral, with monetary policy divergence and macro data supporting the US dollar, while ongoing economic releases and central bank communication remain key. FXStreet
Technical verdict: The technical outlook is neutral to mildly bullish, with USD/JPY trading in a range defined by key resistance and support levels. Momentum indicators suggest consolidation unless key pivots break. ActionForex
Overall, USD/JPY’s short‑term outlook suggests cautious upside potential within a range, where direction will depend on breaks at significant resistance or support pivots and near‑term fundamental catalysts.
USDJPY Chart
Economic News relating to USDJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
GBPUSD Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
The GBP/USD pair continues to be influenced by monetary policy expectations from the Bank of England (BoE) and the US Federal Reserve (Fed), as well as macro data releases and broader risk sentiment. Recent data has shown the Pound benefitting from improved investor sentiment and weakening US dollar pressure, driving GBP/USD toward higher levels near 1.35+. Today’s Reuters report notes sterling reaching its highest level since mid‑September, supported by improved fiscal sentiment and attractive UK carry trades. Reuters
At the same time, uncertainties remain around UK economic momentum, with some analysts citing fragile growth metrics and lingering concerns over GDP and inflation dynamics. The dollar’s strength or weakness in response to upcoming US employment and inflation data continues to shape GBP/USD flows. Equals Money+1
Fundamental / Economic verdict
The short‑term fundamental outlook is mildly bullish to neutral. Sterling’s strength on sentiment and risk appetite supports the pound, but lingering questions about UK macro momentum and sensitivity to US data keep direction conditional on upcoming releases and central bank guidance. Reuters
Technical and Market Sentiment (short term)
Current Spot Price: ~1.349–1.350 USD per GBP. TradingView
Technical indicators indicate GBP/USD trading in a consolidation range near key psychological levels, with recent data showing the pair pressing into resistance near 1.3560–1.3600 and establishing 1.3500 as near support. Momentum indicators hint at potential overextension on short‑term timeframes, while broader trend metrics remain constructive as long as support holds. Investing.com+1
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 1.3600 – upper resistance cluster Investing.com |
| R1 | 1.3561 – near‑term resistance Investing.com |
| Current Spot Price | ~1.349–1.350 TradingView |
| S1 | 1.3454 – near pivot support ActionForex |
| S2 | 1.3400 – deeper support zone ActionForex |
Technical context:
-
The pair has broken above the 1.3500 level, which now acts as support for bullish scenarios, but resistance near 1.3560–1.3600 caps near‑term upside. Investing.com
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Momentum readings suggest the pair is near overbought conditions on short timeframes, potentially limiting immediate breakout strength. Investing.com
Technical verdict
The short‑term technical outlook is neutral to mildly bullish, characterised by range‑bound price action between notable support around 1.345–1.340 and strong resistance near 1.356–1.360. Breaks beyond these pivots will be key to directional conviction. Investing.com
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bullish continuation | Break above R1 1.3561 | Buy on pullback 1.3510–1.3540 | Below S2 1.3400 | R2 1.3600, 1.3650 | Play bullish range break |
| Resistance sell | Rejection near R2 1.3600 | Sell under 1.3580 | Above 1.3620 | R1 1.3561, S1 1.3454 | Fade near upper resistance |
| Support bounce buy | Bounce at S1 1.3454 | Buy near 1.3430–1.3460 | Below S2 1.3400 | 1.3500, R1 1.3561 | Conservative support play |
| Breakdown continuation | Break below S2 1.3400 | Sell retrace 1.3430–1.3460 | Above 1.3500 | 1.3350, 1.3300 | Signals deeper correction |
Base Case & Risk Managed Outlook
-
Base case: GBP/USD remains in a range with mild bullish bias, bounded by clear support and resistance levels.
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Risk management: Use pivot levels for stop placement; be alert to US employment data and UK macro prints that can swiftly impact short‑term direction.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bullish breakout | Sterling strengthened against dollar; resistance breaks | Above 1.3561–1.3600 | Test 1.3650+ |
| Neutral consolidation | Range bound with mixed sentiment | Between S2 1.3400–R2 1.3600 | Oscillate between supports/resistance |
| Bearish correction | Dollar strength or macro weakness in UK | Below S2 1.3400 | Probe 1.3350, 1.3300 |
Summary
Fundamental / Economic verdict: The fundamental backdrop is mildly bullish to neutral, supported by sterling strength on risk sentiment and softer US dollar dynamics, but tempered by concerns over UK macro momentum and sensitivity to upcoming data. Reuters
Technical verdict: The technical outlook is neutral to mildly bullish, with GBP/USD range‑bound between clearly defined support near 1.3400 and resistance near 1.3560–1.3600, where breaks will drive direction. Investing.com
Overall, GBP/USD suggests upside potential within a controlled range, but requires decisive pivot breaks for sustained trends. Close monitoring of macro releases and technical pivot levels is recommended.
GBPUSD Chart
Economic News relating to GBPUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURGBP Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
The EUR/GBP cross continues to be shaped by monetary policy expectations from the European Central Bank (ECB) and the Bank of England (BoE), as well as recent macroeconomic data from both the Eurozone and the UK. Recent coverage highlights that markets are pricing in BoE rate cuts after disinflationary data, while the ECB is more likely to hold rates steady, contributing to potential euro strength relative to the pound. thinkmarkets.com
UK economic indicators such as employment and inflation have shown signs of slowing, reinforcing expectations of BoE easing, which can weigh on the British pound. Markets remain sensitive to ECB communications, UK GDP prints and inflation metrics, which serve as key fundamental drivers for EUR/GBP in the short term. thinkmarkets.com
Fundamental / Economic verdict
The short‑term fundamental outlook for EUR/GBP is mildly bullish to neutral, supported by expected UK monetary easing and comparatively firmer ECB stance, though broader macroeconomic uncertainty and data releases can quickly shift the near‑term bias. thinkmarkets.com
Technical and Market Sentiment (short term)
Current Spot Price: ~0.8660–0.8665 EUR/GBP. TradingView
Technical analysis indicates that EUR/GBP has recently broken lower from earlier resistance levels and shows bearish momentum on shorter timeframes, with price action consolidating near current levels. A bearish bias has been reinforced by recent declines from around 0.8740 into the mid‑0.86 area. Fxglory Ltd
Internal pivot calculations also show key nearby support and resistance levels that can act as decision points in the short term. ActionForex
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 0.8696–0.8736 – upper resistance cluster (daily/weekly pivots) ActionForex |
| R1 | 0.8662–0.8669 – near‑term resistance (pivot range) ActionForex |
| Current Spot Price | ~0.8660–0.8665 TradingView |
| S1 | 0.8654–0.8645 – near pivot support ActionForex |
| S2 | 0.8637–0.8614 – deeper support zone ActionForex |
Technical context:
-
EUR/GBP has shown bearish momentum recently, trading within a downward bias on intraday and H4 timeframes. Fxglory Ltd
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Resistance around R1/R2 stands as a first barrier for any retracement, while S1/S2 act as support clusters if price continues lower. ActionForex
Technical verdict
The short‑term technical outlook is neutral to mildly bearish, with momentum skewed lower and price near pivot supports. A break below S2 would reinforce the bearish trend, while reclaiming R1/R2 could signal consolidation or a reversal attempt.
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bearish continuation | Break below S1 0.8654 | Sell on breakdown retest 0.8655–0.8665 | Above R1 0.8669 | S2 0.8637, 0.8614 | Aligns with recent downtrend |
| Range resistance sell | Rejection near R2 0.8696–0.8736 | Short under 0.8690–0.8710 | Above 0.8740 | R1 0.8669, S1 0.8654 | Fade at upper resistance |
| Support bounce buy | Bounce near S1 0.8654–S2 0.8614 | Buy around 0.8640–0.8620 | Below 0.8610 | R1 0.8669, R2 0.8736 | Play support reaction |
| Reclaim breakout buy | Break above R1 0.8669 | Buy on pullback 0.8665–0.8675 | Below S1 0.8654 | R2 0.8736 | Suggests short‑term reversal |
Base Case & Risk Managed Outlook
-
Base case: EUR/GBP remains neutral to bearish in the short term, with price action near support levels and selling bias intact.
-
Risk management: Place tight stops just beyond key support/resistance pivots to control downside or upside risk. Monitor macro drivers such as BoE/ECB commentary and key UK/EU data releases for catalyst moves.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bearish extension | Continued selling pressure and bearish momentum | Below S2 0.8637–0.8614 | Test 0.8590+ lower support |
| Neutral consolidation | Range bound with mixed sentiment | Between S1 0.8654–R1 0.8669 | Oscillate near pivot range |
| Reversal bounce | Macro catalysts support the euro or weaken GBP | Above R1 0.8669–R2 0.8736 | Retracement toward 0.8730–0.8760 |
Summary
Fundamental / Economic verdict: The fundamental backdrop for EUR/GBP is mildly bullish to neutral in the short term, supported by expectations of BoE easing and relatively firm ECB policy, although economic releases and central bank communications remain catalysts that could quickly change sentiment. thinkmarkets.com
Technical verdict: The technical outlook is neutral to mildly bearish, with recent price momentum skewed lower and guided by key pivot support and resistance levels. Resistance clusters cap upside, while support zones signal where price may pause its descent or consolidate. Fxglory Ltd+1
Overall, EUR/GBP’s short‑term outlook suggests bearish bias within defined ranges, with scope for consolidation or corrective bounces if key resistance levels are reclaimed. Close monitoring of macroeconomic drivers and pivot breaches will be important for identifying actionable moves.
EURGBP Chart
Economic News relating to EURGBP
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
GBPJPY Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
The GBP/JPY cross remains driven by monetary policy divergence between the Bank of England (BoE) and the Bank of Japan (BoJ), broader risk sentiment, and recent macro data from both economies. Markets are currently pricing in potential further BoJ tightening following hawkish comments from BoJ Governor Ueda, providing support for the Japanese yen and moderating recent upside in the pair. Meanwhile, UK economic indicators, including resilient growth data, have underpinned sterling strength. FXStreet+1
Also relevant is the overall risk environment: GBP/JPY tends to benefit from risk‑on conditions (which weaken the yen) while risk‑off sentiment and safe‑haven flows can strengthen the yen, placing downward pressure on the cross. Upcoming UK Services PMI and Japanese labour/confidence data this week are potential catalysts for short‑term volatility. FXStreet
Fundamental / Economic verdict
The short‑term fundamental outlook is mildly bullish to neutral. Supportive sterling drivers and policy divergence still favour higher GBP/JPY, but yen support from hawkish expectations and global risk dynamics temper the prevailing bullish bias. Close attention to central bank signals and data releases is advised.
Technical and Market Sentiment (short term)
Current Spot Price: ~211.50 JPY per GBP. TradingView
Technical conditions show the pair trading in a sideways to mildly bullish consolidation range under recent highs, with short‑term bias neutral according to daily technical feeds. While the longer‑term trend remains upward, recent consolidation below major peaks suggests hesitation around key technical levels. ActionForex
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | 212.12 – recent 52‑week high area https://www.instaforex.com/ |
| R1 | 211.47–211.57 – near resistance cluster ActionForex |
| Current Spot Price | ~211.50 TradingView |
| S1 | 210.78–210.80 – immediate support zone ActionForex+1 |
| S2 | 208.00–208.50 – deeper support cluster FXStreet |
Technical context:
-
GBP/JPY has been consolidating below key resistance near R1/R2, with downward moves often contained above S1 and broader support near S2. ActionForex
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Momentum remains mixed as the pair balances between bullish longer‑term structure and short‑term hesitation under recent highs. Investing.com
Technical verdict
The technical outlook is neutral to mildly bullish. Short‑term supports are holding and the longer‑term uptrend remains intact, but price action suggests consolidation and requires a decisive break above R2 to confirm renewed upside momentum.
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bullish continuation | Break above R2 212.12 | Buy on pullback 211.70–211.90 | Below S1 210.78 | 213.50+ | Awaits clear breakout |
| Resistance sell | Rejection near R1 211.47–211.57 | Sell under 211.40–211.50 | Above R2 212.12 | S1 210.78, S2 208.00 | Fade at resistance |
| Support bounce buy | Bounce at S1 210.78–210.80 | Buy near 210.60–210.90 | Below S2 208.00 | R1 211.47, R2 212.12 | Play near support |
| Deeper correction sell | Break below S2 208.00–208.50 | Sell on retrace 208.70–209.50 | Above S1 210.78 | 206.00, 204.50 | Confirms broader pullback |
Base Case & Risk Managed Outlook
-
Base case: GBP/JPY remains in a consolidation phase with mild bullish bias, bounded by clear resistance and support levels.
-
Risk management: Place tight stops around pivot zones and adjust exposure for risk events (UK Services PMI, Japanese data). Monitor BoJ/BoE commentary for sudden directional shifts.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bullish breakout | Break above R2 with risk‑on sentiment and sterling strength | Above 212.12 | Move toward 214+ |
| Range consolidation | Ongoing sideways action with mixed macro signals | Between S1 210.78 – R2 212.12 | Oscillate within established range |
| Bearish correction | Yen strength or risk‑off tone dominates and breaks below S2 | Below 208.00–208.50 | Test 206.00, 204.50 |
Summary
Fundamental / Economic verdict: The fundamental backdrop is mildly bullish to neutral, with monetary policy divergence and supportive UK economic data favouring sterling, while yen gains from hawkish BoJ signals and risk dynamics temper the uptrend. FXStreet+1
Technical verdict: The technical outlook is neutral to mildly bullish, with GBP/JPY consolidating under key resistance yet holding support zones, suggesting consolidation with potential upside if resistance breaks. ActionForex
Overall, GBP/JPY’s short‑term outlook suggests continued range‑bound movement with underlying bullish structure, where clear breaks of pivot levels will determine future directional conviction. Monitoring economic releases and central bank commentary remains important for short‑term traders.
GBPJPY Chart
Economic News relating to GBPJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
XAGUSD Analysis updated 06 January 2026
Fundamental / Economic Backdrop (short term)
Silver (XAG/USD) has been one of the best‑performing commodities in recent months, climbing to multi‑year and historic highs driven by a combination of macro, industrial and investment demand dynamics. In 2025, silver’s gains were substantial, reflecting growing investor interest and constrained supply conditions, supported by strong industrial usage in solar, EV and electronics markets as well as safe‑haven flows amid global economic uncertainty. Reuters+1
Monetary policy expectations remain a significant driver: anticipation of US Federal Reserve rate cuts and persistently low real interest rates have enhanced the appeal of non‑yielding assets such as precious metals, which has supported silver prices even as the US dollar has fluctuated. FXEmpire
However, there are contrasting views on the near‑term sustainability of the rally. While structural drivers remain supportive, speculative excess and elevated volatility have raised concerns about a potential correction or consolidation, with some analysts pointing to stretched valuations and the potential for profit‑taking. Seeking Alpha
Fundamental / Economic verdict
The short‑term fundamental outlook for XAG/USD is mildly bullish with heightened risk of corrective action. Support persists due to industrial demand and monetary policy expectations, but speculative pricing levels and volatility warning signals suggest that corrections or range‑bound behaviour could emerge before further sustained gains.
Technical and Market Sentiment (short term)
Current Spot Price: around $81.30 per ounce (as of latest available data). Seeking Alpha
Technical indicators from multiple sources show strong buy signals on daily momentum indicators and moving averages, indicating upward momentum in price action. Long‑term trend structures reflect a high‑volatility rally, though short‑term price action has shown possible signs of consolidation or corrective behaviour around key pivot levels. Investing.com
Support / resistance map
| Level label | Price (approx) |
|---|---|
| R2 | ~$84.00 – recent all‑time high region |
| R1 | ~$77.50–$80.80 – near‑term resistance band Investing.com |
| Current Spot Price | ~$81.30 Seeking Alpha |
| S1 | ~$72.40–$75.89 – immediate support range Investing.com |
| S2 | ~$64.79–$60.25 – deeper retracement target FXEmpire |
Technical context:
-
Silver’s current structure is perched near historic highs and shows strong bullish momentum across multiple technical indicators. Investing.com
-
Price pullbacks have found support at the S1 zone, while deeper retracements toward S2 would signal more pronounced corrective moves. FXEmpire
Technical verdict
The technical outlook is neutral to bullish in the short term. While underlying structures remain supportive, near‑term price action appears extended and could enter consolidation or corrective phases before making fresh highs. Key support and resistance pivots will be central to assessing directional conviction.
Strategy (short term)
Intraday / 06 January 2026 – Setup and Trade Ideas
| Setup | Trigger | Entry approach | Invalidation | Targets | Notes |
|---|---|---|---|---|---|
| Bullish continuation | Break above R2 ~$84.00 | Buy on pullback $81.50–$83.50 | Below S1 ~$72.40 | $86.00+ | Favours continuation of trend |
| Range resistance sell | Rejection near R1 ~$80.80–$84.00 | Sell under $80.00–$81.50 | Above R2 ~$84.00 | S1 ~$75.89, S2 ~$64.79 | Fade at resistance |
| Support bounce buy | Bounce at S1 ~$72.40–$75.89 | Buy around $73.00–$75.00 | Below S2 ~$60.25 | R1 ~$80.80, R2 ~$84.00 | Play corrective support zone |
| Deeper correction sell | Break below S2 ~$60.25–$64.79 | Sell on retrace $64.50–$66.00 | Above S1 ~$72.40 | $55.00, $50.00 | Strong corrective confirmation |
Base Case & Risk Managed Outlook
-
Base case: XAG/USD remains bullish but extended, with potential for sideways consolidation before further directional continuation.
-
Risk management: Use pivot zones for stop placement and adjust position size to reflect heightened volatility; monitor macro indicators such as US CPI, Fed policy signals, and geopolitical risk that can influence precious metals.
7 Day Outlook Scenarios
| Scenario | Market logic | Key levels | Expected path |
|---|---|---|---|
| Bullish breakout | Momentum resumes above historic highs with strong demand | Above R2 ~$84.00 | Test $86+, possible new highs |
| Consolidation / range | Extended price, profit‑taking and technical sideways moves | Between S1 ~$75.89–R1 ~$80.80 | Oscillate within pivot band |
| Bearish correction | Profit‑taking or macro headwinds trigger deeper pullbacks | Below S1 ~$72.40–S2 ~$60.25 | Move towards $60–$64 |
Summary
Fundamental / Economic verdict: The fundamental backdrop for XAG/USD is mildly bullish, supported by strong industrial demand, structural supply constraints and supportive expectations around monetary policy, though speculative excess and volatility risks suggest caution for extended rallies. Reuters+1
Technical verdict: Technically, the outlook is neutral to bullish, with silver price action exhibiting strong trend characteristics but showing potential for consolidation or corrective moves around key supports and resistance pivots. Investing.com
Overall, XAG/USD remains in an upward structural trend with risks of short‑term consolidation or correction. Traders should monitor pivotal price levels closely and calibrate risk around key supports and resistances to navigate potential volatility.
XAGUSD Chart
Economic News relating to XAGUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
