secundum Liber Abaci
Praemonitus, Praemunitus
Fibbinarchie
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
USDCHF Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
In the immediate short term, the USD/CHF pair remains influenced by relative central bank expectations, global risk sentiment and safe‑haven dynamics. The US dollar typically benefits from stronger US economic data and Federal Reserve policy expectations that suggest the Fed will maintain tighter monetary conditions relative to other major central banks. In contrast, the Swiss franc often acts as a safe‑haven currency, strengthening in periods of market stress or risk aversion. CHF dynamics are also shaped by the Swiss National Bank’s (SNB) approach to managing franc strength, including a propensity to intervene or adjust policy to curb excessive appreciation. Capital.com
Recent market commentary suggests mixed pressure on USD/CHF as the pair oscillates within a trading range, reflecting uncertainty in macro drivers — with USD strength limited by broader dollar softness themes and CHF supported intermittently by risk‑off flows. Forex commentary points to neutral intraday bias and the potential for further decline if key supports are breached, while breakouts above nearby resistance could signal continuation of corrective gains. ActionForex
Fundamental / Economic verdict
The short‑term fundamental outlook is neutral to mildly bearish for USD/CHF. Macro drivers are balanced between dollar support from yield differentials and potential franc strength from safe‑haven demand, with no clear catalyst to decisively bias the pair higher in the immediate term.
Technical and Market Sentiment (short term)
The current spot price for USD/CHF is approximately 0.7958–0.7960 CHF per USD. TradingView+1 Technical studies point to consolidative price action, with intraday bias neutral and price oscillating near key pivot levels. Several technical sources note resistance around the mid‑0.7900 area, and downside support being tested near recent lows. Indicators such as moving averages offer mixed signals, reflecting a lack of strong directional conviction across timeframes. ActionForex+1
Key support and resistance levels
| Level label | Price level |
|---|---|
| R2 | 0.8030 |
| R1 | 0.7986 |
| Current Spot Price | 0.7958 |
| S1 | 0.7900 |
| S2 | 0.7860 |
-
R1–R2 marks the upper resistance band where corrective advances have stalled. ActionForex
-
S1 and S2 reflect short‑term support zones that have previously contained declines and signposted potential retests if downward pressure resumes. ActionForex
Technical verdict
The technical outlook is neutral with a slight bearish tilt. USD/CHF is range‑bound between key pivots; sustained breaks of support are likely to reinforce bearish momentum, while failure to breach resistance will keep short‑term gains limited.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry Zone | Invalidation | Initial Targets | Rationale |
|---|---|---|---|---|---|
| Range sell | Bearish | 0.7975–0.7990 | Above 0.8030 | 0.7920 / 0.7900 | Resume range high rejection |
| Support buy | Bullish | 0.7900–0.7920 | Below 0.7860 | 0.7986 / 0.8030 | Support defence rebound |
| Breakout buy | Bullish | Above 0.8030 | Below 0.7986 | 0.8065 / 0.8100 | Break above upper range |
| Breakdown sell | Bearish | Below 0.7860 | Above 0.7900 | 0.7828 / 0.7800 | Deep corrective extension |
Base Case & Risk Managed Outlook
-
Base case: USD/CHF remains range‑bound between 0.7900 and 0.8030, with corrective swings dominating short‑term moves.
-
Risk management: Use tight stops near support/resistance extremes; volatility expectations are moderate but can spike on data or risk events.
-
Invalidation: A sustained break above R2 (0.8030) or below S2 (0.7860) will shift the immediate bias to bullish or bearish, respectively.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected Behaviour |
|---|---|---|---|
| Neutral consolidation | High | Range trading, limited catalysts | Oscillate 0.7900–0.8030 |
| Bearish continuation | Medium | Risk‑off, CHF demand | Test S1/S2, potential lower lows |
| Bullish breakout | Low–Medium | USD demand or data surprise | Break above 0.8030, push to 0.8060+ |
Summary
The fundamental outlook is neutral to mildly bearish, with USD/CHF facing balanced macro influences and no clear directional catalyst. The technical structure is neutral with a slight bearish tilt, reflecting a range‑bound market sensitive to support/resistance pivots. Together, this suggests a range trading bias in the short term, with corrective moves and retests of key levels likely dominating price action in the coming days. Traders should monitor breaks of 0.8030 (upside) and 0.7860 (downside) to confirm trend shifts. ActionForex
USDCHF Chart
Economic News relating to USDCHF
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
XAUUSD Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
Gold (XAU/USD) remains heavily influenced by safe‑haven demand, monetary policy expectations and the US dollar’s trajectory. Recent geopolitical tensions, including heightened risk‑off flows, have supported gold’s appeal as a store of value, pushing prices nearer to record highs and keeping safe‑haven demand elevated. Reuters
Monetary policy remains a central driver. Markets are pricing in potential US rate cuts this year, which generally supports non‑yielding assets such as gold by lowering real yields and weakening the US dollar. Central bank purchases, particularly from emerging markets, also support structural demand. However, forecasts vary widely: some analysts remain bullish over the medium term, while others caution that slowing jewellery demand and a nearing end to aggressive stimulus could temper upside. Financial Times
Near‑term economic data releases (notably US labour market reports) will influence gold’s short‑term trajectory by altering expectations around Federal Reserve policy. A stronger‑than‑expected US data surprise could weigh on gold, while weaker data would support the safe‑haven narrative and further price gains.
Fundamental / Economic verdict
The short‑term fundamental backdrop is mildly bullish to neutral. Safe‑haven flows and anticipated rate cuts support gold prices, but mixed macroeconomic signals and potential profit‑taking elevate the risk of consolidation.
Technical and Market Sentiment (short term)
As of the latest data, XAU/USD is trading near the $4,460–4,500 per ounce area. Investing.com Technical indicators suggest that gold remains near multi‑year highs with momentum showing signs of exhaustion, as recent attempts to break above key resistance near $4,500 have struggled. FXStreet
Short‑term price action has entered a consolidation phase following strong gains, with oscillators and moving averages showing mixed signals. A break above primary resistance levels is necessary to confirm renewed bullish momentum, while breaches of support could accelerate corrective moves.
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 4,550 |
| R1 | 4,500 |
| Current Spot Price | 4,480 |
| S1 | 4,420 |
| S2 | 4,350 |
-
R1–R2 marks the key upper threshold where gold has faced resistance in recent sessions. FXStreet
-
S1 and S2 are immediate support zones where pullbacks have found underlying demand. Economies.com
Technical verdict
The technical outlook is neutral with a slight bullish bias. While the overall trend remains up, near‑term momentum has eased and price consolidation around current levels is likely until a clear breakout or breakdown occurs.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 4,420–4,440 | Below 4,350 | 4,500 / 4,550 | Buy near dynamic and static support zones |
| Breakout buy | Bullish | Above 4,500 | Below 4,460 | 4,550 / 4,600 | Upside continuation if resistance breaks |
| Range sell | Bearish | 4,490–4,520 | Above 4,550 | 4,420 / 4,350 | Fade resistance in consolidation |
| Breakdown sell | Bearish | Below 4,350 | Above 4,420 | 4,300 / 4,250 | Bearish extension on deeper correction |
Base Case & Risk Managed Outlook
-
Base case: Gold remains range‑bound between $4,420 (support) and $4,500 (resistance) pending fresh catalysts.
-
Risk management: Keep stops tight near support and resistance extremes given elevated volatility; macro data events may trigger sharp moves.
-
Invalidation levels: A daily close below S2 (4,350) or sustained break above R2 (4,550) will alter the near‑term bias.
7 Day Outlook Scenarios
| Scenario | Likelihood | Drivers | Expected behaviour |
|---|---|---|---|
| Continuation upside | Medium | Persistent safe‑haven flows, weak data | Break above 4,500 → test 4,550+ |
| Range consolidation | High | Mixed macro data, profit‑taking | Oscillate 4,420–4,500 |
| Corrective pullback | Medium | Strong US data or Dollar strength | Slide toward 4,350–4,300 |
Summary
Fundamental / Economic verdict: The short‑term outlook for XAU/USD is mildly bullish to neutral, supported by safe‑haven demand and rate‑cut expectations, with mixed macro data posing a consolidation risk.
Technical verdict: Technically, gold is neutral with a slight bullish bias, trading near resistance with momentum showing signs of exhaustion.
Overall, a range‑based approach with selective buy‑on‑dips and breakout confirmation remains appropriate in the short term, while closely monitoring macroeconomic releases and geopolitical developments that could drive decisive price action. Financial Times+1
XAUUSD Chart
Economic News relating to XAUUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURUSD Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
EUR/USD remains influenced by monetary policy divergence, macroeconomic data flows and market sentiment. Recent activity shows the pair trading with limited conviction below the 1.1700 mark, reflecting a tug‑of‑war between dollar strength and eurozone fundamentals. Softer Eurozone inflation figures have weighed on the euro, while mixed US data has kept the US dollar supportive but without a strong directional push. FXStreet
Monetary policy expectations continue to play a central role. Markets are balancing views of potential US interest rate adjustments against the European Central Bank’s data‑driven policy stance. Upcoming economic releases, particularly US employment and inflation data, are expected to exert short‑term influence by shaping Fed expectations relative to ECB policy. Forex
Fundamental / Economic verdict
The short‑term fundamental outlook is neutral to mildly bearish for EUR/USD, underpinned by a resilient US dollar and subdued eurozone drivers, with mixed macro data reinforcing a lack of clear directional impetus.
Technical and Market Sentiment (short term)
As of the latest price data, EUR/USD is trading around approximately 1.1687. TradingView Technical analysis across multiple sources indicates that the pair is range‑bound with a slight bearish skew, facing resistance near recent highs while support levels are tested on pullbacks. Momentum indicators on intraday and daily charts signal fading upside strength with risks skewed lower in the absence of a breakout above key levels. FXStreet
Key support and resistance levels
| Level label | Price level |
|---|---|
| R2 | 1.1800 |
| R1 | 1.1730 |
| Current Spot Price | 1.1687 |
| S1 | 1.1640 |
| S2 | 1.1560 |
-
R1–R2 delineate resistance thresholds where recent rallies stalled. DailyForex
-
S1 and S2 represent support zones highlighted by recent technical analysis where corrective downside has found interest. DailyForex
Technical verdict
The technical outlook is neutral with a bearish tilt. EUR/USD remains confined within a trading range, with technical indicators suggesting limited upside momentum until a clear break above resistance, while downside risks persist if support levels are breached.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 1.1640–1.1660 | Below 1.1560 | 1.1730 / 1.1800 | Dip buying near structural support |
| Range sell | Bearish | 1.1700–1.1740 | Above 1.1800 | 1.1640 / 1.1560 | Fade resistance within defined range |
| Breakout buy | Bullish | Above 1.1800 | Below 1.1730 | 1.1850 / 1.1900 | Confirmed upside breakout |
| Breakdown sell | Bearish | Below 1.1560 | Above 1.1640 | 1.1500 / 1.1450 | Deeper correction on loss of key support |
Base Case & Risk Managed Outlook
-
Base case: EUR/USD likely remains range‑bound between 1.1560 and 1.1800 in the near term, with momentum oscillating within this band.
-
Risk management: Tight stops are recommended near support and resistance edges due to limited conviction and potential volatility around macro releases.
-
Invalidation: A sustained break above R2 (1.1800) or below S2 (1.1560) will pivot the short‑term bias to bullish or bearish, respectively.
7 Day Outlook Scenarios
| Scenario | Likelihood | Drivers | Expected behaviour |
|---|---|---|---|
| Range continuation | High | Mixed data, subdued catalysts | Oscillate 1.1560–1.1800 |
| Bearish extension | Medium | USD strength, lack of euro support | Move towards 1.1500–1.1560 |
| Bullish breakout | Low–Medium | Strong euro data or dollar weakness | Break above 1.1800 → test 1.1850+ |
Summary
Fundamental / Economic verdict: The near‑term fundamental backdrop for EUR/USD is neutral to mildly bearish as US dollar resilience and mixed eurozone data limit directional conviction.
Technical verdict: The technical picture is neutral with a bearish tilt, with the pair trading within a defined range and momentum indicators showing constrained upside potential.
Overall, the short‑term outlook is range‑oriented, favouring selective range trades or breakout plays upon confirmed breaches of key levels. Macroeconomic data releases and central bank cues should be monitored closely for catalysts that could tilt the balance of risk. FXStreet
EURUSD Chart
Economic News relating to EURUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
CHFJPY Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
CHF/JPY reflects the exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY), both of which are influenced by relative monetary policies, risk sentiment and safe‑haven demand. In the current environment, the Bank of Japan (BoJ) has shifted towards a less accommodative stance compared with its long‑standing ultra‑loose policy, supporting the yen to some extent. By contrast, the Swiss National Bank (SNB) has kept policy relatively steady, with the franc retaining safe‑haven appeal in risk‑off scenarios. Market forecasts show the CHF/JPY exchange rate trading near ~196.6–197.0 JPY per CHF, reflecting modest recent weakness in the franc against the yen amid broader forex consolidation. Perplexity AI+1
Macro drivers include interest rate differentials (with real rates for the yen remaining comparatively low), risk sentiment swings tied to global equities and carry flows. Some market models project CHF/JPY remaining neutral to modestly bullish over the coming weeks, while longer‑term forecasts from aggregated bank sentiment indicate potential softer levels later in 2026. CoinCodex+1
Fundamental / Economic verdict
The short‑term fundamental outlook is neutral, with competing forces between safe‑haven flows, interest rate expectations and broader forex momentum resulting in a balanced bias. There is no strong directional impetus at present, and macroeconomic catalysts such as risk sentiment shifts could quickly tilt short‑term dynamics.
Technical and Market Sentiment (short term)
CHF/JPY is trading around 196.6–197.0 JPY per CHF at present, with recent price action showing modest downside pressure amid range trading. Perplexity AI Technical indicators from multiple sources show mixed signals, with some oscillators and moving averages indicating neutral to bearish tones, while broader trend metrics point to sideways consolidation. Investing.com+1 Traders often reference pivot‑derived support and resistance levels to gauge possible inflection points in intraday and short‑term moves. ActionForex
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 198.23 |
| R1 | 196.78 |
| Current Spot Price | 196.60 |
| S1 | 196.43 |
| S2 | 196.15 |
(Daily pivot‑based levels from technical sources) ActionForex
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R1–R2 denote resistance thresholds where prior rallies have paused.
-
S1–S2 indicate nearby supports being monitored for downside reaction.
Technical verdict
The technical outlook is neutral with a slight bearish tilt. Indicators and moving averages present a mixed picture, with recent price behaviour drifting sideways and short‑term momentum showing limited conviction. Technical indicators do not currently support an aggressive directional bias, and CHF/JPY may continue to oscillate within its current band unless a catalyst drives volatility.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 196.15–196.43 | Below 196.00 | 196.78 / 198.23 | Buy near support in a range market |
| Range sell | Bearish | 196.70–197.00 | Above 198.23 | 196.43 / 196.15 | Fade into resistance |
| Breakout buy | Bullish | Above 198.23 | Below 196.78 | 199.50 / 200.50 | Confirmed upside breakout |
| Breakdown sell | Bearish | Below 196.00 | Above 196.15 | 195.50 / 195.00 | Deep corrective continuation |
Base Case & Risk Managed Outlook
-
Base case: CHF/JPY remains range‑bound near current levels, with price oscillating between defined pivot support and resistance.
-
Risk management: Given mixed technical signals and neutral fundamentals, use tight stops around pivot boundaries; volatility may be modest but can spike on macro events.
-
Invalidation levels: A daily close above R2 (198.23) or below S2 (196.15) may shift the near‑term bias into bullish or bearish territory, respectively.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected behaviour |
|---|---|---|---|
| Range consolidation | High | Mixed macro cues, absence of catalysts | Price oscillates within pivot boundaries |
| Bearish extension | Medium | Yen strength, risk‑on sentiment | Test support levels below S1/S2 |
| Bullish breakout | Low–Medium | Safe‑haven demand, CHF strength | Break above pivot resistances |
Summary
Fundamental / Economic verdict: The short‑term fundamental picture for CHF/JPY is neutral, with balanced drivers and no strong macro catalyst. Both SNB policy stability and BoJ dynamics contribute to range trading behaviour.
Technical verdict: Technically, CHF/JPY exhibits neutral to slightly bearish conditions, with limited momentum and mixed indicator readings suggesting continued oscillation around current levels.
In conclusion, CHF/JPY is best treated as a range‑bound market in the short term, with strategic opportunities emerging from support/resistance reactions and potential breakout confirmation when accompanied by clear fundamental triggers.
CHFJPY Chart
Economic News relating to CHFJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURJPY Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
The EUR/JPY currency pair is primarily driven by monetary policy differentials between the European Central Bank (ECB) and the Bank of Japan (BoJ), as well as global risk sentiment. Risk‑on environments typically support the euro versus the yen, while risk‑off flows boost the yen through safe‑haven demand. Current macro drivers include a cautiously weak yen backed by markets pricing gradual BoJ tightening that has been slower than elsewhere, and mixed data flows from the eurozone that dampen euro strength. Geopolitical concerns and central bank commentary continue to influence trading dynamics. investingLive+1
Recent external developments include Japanese policymakers stressing intervention readiness against sharp yen weakness, reflecting concerns over excessive volatility and the currency’s impact on inflation and imports. Financial Times+1
Fundamental / Economic verdict
The short‑term fundamental outlook for EUR/JPY is neutral to mildly bullish. Monetary policy divergence and risk sentiment lean slightly supportive of the euro, but mixed macro data and tightening in Japan temper a strong directional conviction.
Technical and Market Sentiment (short term)
EUR/JPY is trading near ~183–184 JPY per euro at the latest observed levels. TradingView+1 Technical analysis suggests that the pair has recently consolidated after testing multi‑month highs, with price action remaining within an ascending trend framework but showing corrective pullbacks. Indicators like RSI remain supportive of positive momentum, while oscillators and moving averages vary across platforms, with some technical ratings showing strong buy signals and others neutral. Investing.com+1 Market sentiment metrics indicate a significant proportion of traders holding short positions, which can sometimes act as a contrarian indicator. Myfxbook.com
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 186.31 |
| R1 | 184.89 |
| Current Spot Price | 183.90 |
| S1 | 181.98 |
| S2 | 180.07 |
(Derived from recent technical projections and pivot structures) ActionForex
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R1–R2 denote upper resistance levels where recent rallies stalled.
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S1–S2 represent key support zones emerging from prior corrective lows.
Technical verdict
The technical outlook is neutral to mildly bullish. A broader uptrend context remains intact, but short‑term momentum is corrective and awaiting confirmation of a continuation above resistance or breakdown below support.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Range buy | Bullish | 181.98–182.50 | Below 180.07 | 184.89 / 186.31 | Buy near support in uptrend consolidation |
| Resistance sell | Bearish | 184.50–185.00 | Above 186.31 | 182.00 / 181.98 | Fade into known resistance |
| Breakout buy | Bullish | Above 186.31 | Below 184.89 | 188.50 / 190.00 | Confirmed continuation of broader uptrend |
| Breakdown sell | Bearish | Below 180.07 | Above 181.98 | 178.00 / 175.00 | Deep corrective extension |
Base Case & Risk Managed Outlook
-
Base case: EUR/JPY is expected to continue range and trend consolidation between support at ~181.98 and resistance near ~184.89 in the near term.
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Risk management: Given mixed sentiment and technical signals, place tight stops near identified pivots; macro events (ECB/BoJ commentary, economic data) may trigger volatility.
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Invalidation: A sustained break above R2 (186.31) or below S2 (180.07) will shift the near‑term bias to bullish or bearish respectively.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected behaviour |
|---|---|---|---|
| Trend continuation | Medium | Euro strength, weak yen, risk‑on flows | Test resistance levels towards 186+ |
| Range consolidation | High | Mixed macro data, technical indecision | Oscillate between S1 (181.98) and R1 (184.89) |
| Corrective pullback | Medium | Strong yen moves or risk‑off sentiment | Slide toward S2 (180.07) or lower supports |
Summary
Fundamental / Economic verdict: A neutral to mildly bullish fundamental backdrop for EUR/JPY is supported by monetary policy divergence and risk sentiment but balanced by mixed data and cautious central bank actions.
Technical verdict: The technical structure is neutral to mildly bullish, with EUR/JPY remaining within a broader uptrend but undergoing short‑term corrective dynamics around key support and resistance levels.
Overall, EUR/JPY appears to be in consolidative territory with a slight bullish bias, favouring a strategy that respects key support/resistance pivots and looks for confirmation before committing to breakout or breakdown trades. ActionForex
EURJPY Chart
Economic News relating to EURJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
USDJPY Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
The USD/JPY pair remains influenced by monetary policy expectations, macroeconomic data and global risk sentiment. Recent developments show the US dollar under pressure amid concerns around Federal Reserve policy, potential rate cuts and political uncertainty affecting Fed independence. This dovish dollar backdrop has put intermittent downward pressure on USD/JPY despite some rebounds. Reuters+1
In contrast, the Japanese yen has been supported at times by safe‑haven flows and BoJ policy shifts. While the Bank of Japan has moved toward normalisation with incremental rate increases, the pace remains cautious relative to the Federal Reserve, and intervention risk persists should the yen weaken sharply. Forex
Short‑term drivers include US labour and inflation data, BoJ communication, and risk appetite dynamics. Key upcoming US employment releases and central bank commentary could provide fresh impetus for directional moves.
Fundamental / Economic verdict
The short‑term fundamental outlook for USD/JPY is neutral to mildly supportive of bulls, characterised by a generally resilient dollar narrative when backed by positive US data, but tempered by broader dollar weakness and strong yen flows in risk‑off scenarios.
Technical and Market Sentiment (short term)
USD/JPY is trading near ~156.7 JPY per USD at the most recent snapshot. TradingView+1 Technical signals point to a bullish trend in the short term, with the pair moving within an upward channel and supported by moving average buy signals on multiple timeframes. Investing.com However, conditional resistance and consolidation patterns mean the near‑term price action remains prone to range dynamics.
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 158.85 |
| R1 | 157.75 |
| Current Spot Price | 156.70 |
| S1 | 155.65 |
| S2 | 153.00 |
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R1–R2 represent intermediate and key structural resistance behind which additional upside momentum would strengthen. ActionForex
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S1–S2 denote support levels tied to recent price rejections and moving average support zones. DailyForex
Technical verdict
The technical outlook is mildly bullish, supported by short‑term uptrend structures, positive moving average signals and a sustained channel. However, near‑term momentum shows conditional sideways behaviour, with resistance near the 158–159 area likely to cap rallies until a decisive breakout.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 155.65–156.10 | Below S2 | 157.75 / 158.85 | Buy near support within ascending channel |
| Resistance sell | Neutral | 157.50–158.50 | Above 158.85 | 156.70 / 155.65 | Fade near resistance |
| Breakout buy | Bullish | Above 158.85 | Below 157.75 | 160.00 / 161.80 | Trend continuation on confirmed breakout |
| Breakdown sell | Bearish | Below 155.65 | Above 156.70 | 153.00 / 151.50 | Deeper correction under key support break |
Base Case & Risk Managed Outlook
-
Base case: USD/JPY to remain bullishly biased but consolidative within the range of S1 (155.65) to R1 (157.75), awaiting macro catalysts.
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Risk management: Use tight stops around S2 and R2 pivots; unexpected US data surprises or yen intervention rhetoric could rapidly alter price direction.
-
Invalidation: A sustained break above R2 (158.85) would reinforce bullish conviction, while a drop below S2 (153.00) would signal a more pronounced bearish turn.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected behaviour |
|---|---|---|---|
| Bullish continuation | Medium–High | Positive US data, weak yen | Break above R1 → target R2 and beyond |
| Range consolidation | High | Mixed macro, lack of catalyst | Oscillate between 155.65–158.85 |
| Bearish correction | Medium | Strong yen flows, weaker dollar sentiment | Test S2 and lower support zones |
Summary
Fundamental / Economic verdict: The short‑term fundamental outlook is neutral to mildly supportive of USD/JPY, shaped by nuanced dollar dynamics and persistent yen pressures.
Technical verdict: The technical structure is mildly bullish, with the pair supported within an ascending channel but displaying conditional consolidation around key resistance.
In conclusion, the short‑term bias for USD/JPY remains cautiously positive, with trade opportunities focused on support‑based buys, resistance fades, and breakout confirmation. Continued monitoring of macro releases and central bank signals is essential to adapt to rapidly evolving conditions. FOREX24.PRO
USDJPY Chart
Economic News relating to USDJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
GBPUSD Analysis updated 07 January 2026
The GBP/USD pair remains sensitive to relative monetary policy expectations between the Bank of England (BoE) and the Federal Reserve (Fed), macroeconomic data and global risk appetite. Recent data indicate the pound has found some support on the back of perceived BoE policy steadiness compared with the US dollar’s mixed performance, while the US economy continues to show resilience, bolstering the greenback in risk‑off phases. FXStreet
Market commentary highlights that UK growth concerns, labour market signals and BoE pricing may temper sterling gains, whereas US data and Fed expectations continue to play a central role in shaping USD strength. Equals Money
Fundamental / Economic verdict
The short‑term fundamental outlook is neutral to modestly supportive of GBP, underpinned by relative BoE support and improving sterling sentiment, balanced by a resilient dollar on key US economic prints.
Technical and Market Sentiment (short term)
According to live exchange data, GBP/USD is trading around ~1.346–1.348 USD per GBP. TradingView+1 Technical indicators present a mixed picture: short‑term oscillators and moving averages reflect corrective behaviour, while broader price structures reveal attempted recoveries from recent lows. Investing.com
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 1.3636 |
| R1 | 1.3549 |
| Current Spot Price | 1.3470 |
| S1 | 1.3400 |
| S2 | 1.3320 |
Based on recent pivot and multi‑source technical data. Barchart.com+1
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R1–R2 denote resistance areas arising from short‑term highs and pivot projections.
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S1–S2 indicate potential support zones from corrective pullbacks and channel floors. TradingView
Technical verdict
The technical outlook is neutral with a mild bullish bias, as GBP/USD exhibits recovery attempts while remaining constrained by resistance near the mid‑1.35s. Breaks above key resistance would strengthen bullish sentiment, whereas moves below structural support would signal deeper correction risk.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 1.3400–1.3420 | Below S2 | 1.3549 / 1.3636 | Buy on dips near structural support |
| Resistance sell | Neutral | 1.3540–1.3580 | Above R2 | 1.3470 / 1.3400 | Fade near resistance |
| Breakout buy | Bullish | Above 1.3580 | Below 1.3500 | 1.3640 / 1.3720 | Confirmed upside continuation |
| Breakdown sell | Bearish | Below 1.3320 | Above 1.3400 | 1.3220 / 1.3150 | Deeper corrective extension |
Base Case & Risk Managed Outlook
-
Base case: GBP/USD is expected to consolidate with a mild bullish tilt between support near S1 (1.3400) and resistance around R1 (1.3549).
-
Risk management: Tight stops near S2 and R2 pivots; sudden shifts in US data or BoE commentary may quickly alter sentiment.
-
Invalidation: Sustained break above R2 (1.3636) reinforces upside bias; move below S2 (1.3320) signals deeper corrective risks.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected behaviour |
|---|---|---|---|
| Bullish continuation | Medium | Sterling support, risk appetite | Test levels above 1.3550, challenge 1.36 |
| Range consolidation | High | Mixed macro data, US Dollar dynamics | Oscillate between ~1.3400–1.3550 |
| Bearish correction | Medium | Strong US data, dollar strength | Slide toward S2 and lower support |
Summary
Fundamental / Economic verdict: Short‑term fundamentals present a neutral to modestly supportive backdrop for GBP/USD, with sterling buoyed by relative BoE support and risk sentiment, balanced by resilient US macro drivers.
Technical verdict: The technical perspective is neutral with a mild bullish inclination, constrained by resistance and balanced by healthy support levels.
In conclusion, the short‑term outlook for GBP/USD is cautiously constructive, favouring strategies that respect key support and resistance pivots and anticipate potential macro‑triggered shifts in direction. Equals Money
GBPUSD Chart
Economic News relating to GBPUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
EURGBP Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
The EUR/GBP exchange rate reflects relative economic performance and monetary policy expectations between the Eurozone and the United Kingdom. Recent market dynamics show sterling strength against the euro, driven by improved investor sentiment, easing UK fiscal concerns, and speculation around closer UK‑EU ties. This bullish backdrop for GBP contributed to sterling’s relative outperformance versus the euro recently. Reuters
Monetary policy divergence also remains a key driver. The Bank of England (BoE) has been comparatively more cautious with easing expectations than the European Central Bank (ECB), which has delivered policy shifts in the past that influenced euro performance. ECB action and communication will continue to shape euro dynamics relative to sterling. Key Currency
Fundamental / Economic verdict
The short‑term fundamental outlook is neutral to mildly GBP‑supportive, with sterling strength underpinned by improved risk sentiment and UK macro resilience balanced against ongoing ECB policy effects on the euro.
Technical and Market Sentiment (short term)
Live pricing data show EUR/GBP trading around ~0.8676 GBP per EUR. Investing.com Technical analysis across multiple sources suggests mixed near‑term behaviour with bearish pressures evident from recent downside moves below key short‑term levels, though broader momentum indicators show neutral tendencies. TradingView
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 0.8800 |
| R1 | 0.8720 |
| Current Spot Price | 0.8676 |
| S1 | 0.8630 |
| S2 | 0.8600 |
Resistance and support levels derived from recent pivot data and observed structural zones in current price action. ActionForex+1
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R1–R2 mark intermediate resistance areas where recent advances have struggled.
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S1–S2 denote support zones anchored by recent corrective lows and retracement levels. ActionForex
Technical verdict
The technical outlook is neutral to mildly bearish, with downward pressure apparent while EUR/GBP remains below key resistance levels and broader momentum indicators lacking strong bullish conviction. A sustained move above R1 would shift technical sentiment more constructively, whereas a break below S1 could accelerate bearish momentum.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 0.8630–0.8650 | Below S2 | 0.8720 / 0.8800 | Buy near structural support zones |
| Resistance sell | Neutral | 0.8700–0.8740 | Above R2 | 0.8676 / 0.8630 | Fade near resistance |
| Breakout buy | Bullish | Above 0.8740 | Below 0.8680 | 0.8800 / 0.8850 | Confirmed upside continuation |
| Breakdown sell | Bearish | Below 0.8600 | Above 0.8630 | 0.8560 / 0.8520 | Accelerated downside on key support break |
Base Case & Risk Managed Outlook
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Base case: Range‑bound behaviour with mild bearish inclination between S1 (0.8630) and R1 (0.8720), reflecting mixed technical cues and macro balance.
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Risk management: Tight stops near pivot points; volatility could rise around ECB or UK macro releases.
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Invalidation: A sustained move above R2 (0.8800) signals a shift to constructive momentum; a break below S2 (0.8600) increases bearish conviction.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected behaviour |
|---|---|---|---|
| Range consolidation | High | Mixed macro data, sideways technical trend | 0.8630–0.8720 sideways range |
| Bearish continuation | Medium | Sterling strength, GBP macro surprises | Test S2 and lower support levels |
| Bullish reversal | Medium–Low | ECB hawkish surprises or UK weakness | Break above R1, challenge R2 |
Summary
Fundamental / Economic verdict: The short‑term fundamental outlook is neutral to mildly GBP‑supportive, balancing sterling strength on sentiment and relative policy expectations against euro dynamics.
Technical verdict: Technicals point to a neutral to mildly bearish environment, with the pair below resistance and lacking strong bullish momentum.
In conclusion, the short‑term outlook for EUR/GBP leans cautious, favouring range‑oriented strategies with attention to key support and resistance zones and sensitivity to incoming macro catalysts.
EURGBP Chart
Economic News relating to EURGBP
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
GBPJPY Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
GBP/JPY reflects dynamics between the British Pound (GBP) and the Japanese Yen (JPY), driven by macroeconomic data, monetary policy expectations and global risk sentiment. Recent data show the pair trading around ~211.0–211.1 JPY per GBP, with sterling supported by resilient UK growth figures and underlying BoE policy expectations, while the yen’s safe‑haven appeal and prospects of gradual monetary policy normalisation in Japan offer counterbalance. FXStreet
Fundamentally, UK macro indicators such as GDP and inflation have contributed to sterling strength, though ongoing speculation around Bank of England (BoE) rate cuts in 2026 persists. On the yen side, intervention warnings and safe‑haven demand have lent support, with the Bank of Japan’s (BoJ) cautious policy stance influencing yen behaviour. Broader risk sentiment and geopolitical developments also shape GBP/JPY flows, as risk‑on environments tend to weaken the yen, and risk‑off conditions bolster it. Perplexity AI+1
Fundamental / Economic verdict
The short‑term fundamental outlook is neutral to mildly supportive of GBP, with UK macro resilience and risk appetite underpinning sterling, balanced by supportive yen fundamentals and intervention risks that limit sharp sterling gains.
Technical and Market Sentiment (short term)
Live market data show GBP/JPY trading around ~211.0–211.1 JPY. TradingView Technical analysis highlights that the pair recently saw upside momentum resume above a temporary top near 211.57, while intraday bias remains mixed with a potential interim retreat. A break below key supports could signal deeper pullbacks, yet broader uptrend projections remain intact if key resistance is taken out. ActionForex
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 219.99 |
| R1 | 211.57 |
| Current Spot Price | ~211.0–211.1 |
| S1 | 210.48 |
| S2 | 206.74 |
Resistance and support levels are informed by recent technical forecast projections and pivot/support zones. ActionForex
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R1–R2 represent technical resistance and projected extension zones.
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S1–S2 mark corrective support thresholds where price action may find demand. ActionForex
Technical verdict
The technical outlook is neutral to mildly bullish, as GBP/JPY remains near recent highs and above key short‑term supports, but faces resistance that has constrained upside. A clear break above R1 would reinforce the bullish case, while a drop below S1 could shift momentum lower.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 210.48–210.80 | Below S2 | 211.57 / 214.00 | Buy on dip near support zones |
| Resistance sell | Neutral | 211.50–212.30 | Above R1 | 211.00 / 210.48 | Fade near resistance |
| Breakout buy | Bullish | Above 211.57 | Below 211.00 | 214.00 / 219.99 | Confirmed upside continuation |
| Breakdown sell | Bearish | Below 210.48 | Above 211.00 | 208.00 / 206.74 | Accelerated downside on support break |
Base Case & Risk Managed Outlook
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Base case: GBP/JPY is expected to consolidate with a mild bullish tilt between S1 (210.48) and R1 (211.57) given mixed technical signals.
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Risk management: Trades should use tight stops near support/resistance pivots; volatility around UK/Japan macro prints and risk sentiment shifts could accelerate moves.
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Invalidation: Sustained break above R1 augments bullish thesis; violation below S2 (206.74) signals deeper correction risk.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected behaviour |
|---|---|---|---|
| Range consolidation | High | Mixed technical tone, macro balance | Sideways near 210.5–212.5 |
| Bullish continuation | Medium | Sterling support, risk appetite | Break above R1 towards R2 |
| Bearish correction | Medium | Yen strength, risk off, macro divergence | Test S1/S2 lower supports |
Summary
Fundamental / Economic verdict: The short‑term fundamental backdrop is neutral to mildly supportive of GBP, as sterling resilience meets yen support and safe‑haven demand.
Technical verdict: Technicals suggest a neutral to mildly bullish stance, constrained by resistance and supported by key levels around current spot.
In summary, GBP/JPY’s short‑term outlook leans cautiously constructive, favouring range‑oriented strategies with upside potential upon breakout, but mindful of corrective risks and macro catalysts. ActionForex
GBPJPY Chart
Economic News relating to GBPJPY
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
XAGUSD Analysis updated 07 January 2026
Fundamental / Economic Backdrop (short term)
Silver (XAG/USD) has been trading under strong bullish momentum recently, with prices reaching record levels near multi‑year highs amid broad commodity demand and macro drivers. Tight supply dynamics, strong industrial demand from sectors like solar and electric vehicles, and safe‑haven flows linked to geopolitical tensions have all contributed to elevated pricing. Trading Economics+1
The US Dollar (USD) and interest rate expectations from the Federal Reserve also influence silver’s performance. A softer USD typically supports higher silver prices, while expectations of rate cuts can increase interest for non‑yielding assets such as silver. FXStreet
Fundamental / Economic verdict
Short‑term fundamentals remain bullish, supported by persistent supply tightness, strong industrial demand, and macro sentiment favouring precious metals.
Technical and Market Sentiment (short term)
Live pricing indicates XAG/USD continues to trade at elevated levels near recent peaks. Technical reports point to a strong uptrend, though oscillators show overbought conditions and potential for corrective pullbacks. FXStreet+1
Key support and resistance levels
| Level label | Price level (approx) |
|---|---|
| R2 | 82.50 |
| R1 | 78.00 |
| Current Spot Price | ~79.35 USD |
| S1 | 74.50 |
| S2 | 70.00 |
Levels are approximate and based on recent price action and technical zone estimations. FXEmpire+1
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R1–R2 capture upside areas near recent/all‑time highs and psychological zones.
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S1–S2 mark key retracement and psychological support zones where corrective demand often emerges. FXStreet
Technical verdict
Technically the market is bullish overall, though price momentum and overbought indicators suggest short‑term consolidation or corrective risks before further continuation.
Strategy (short term)
Intraday / 07 January 2026 – Setup and Trade Ideas
| Scenario | Bias | Entry zone | Invalidation | Initial targets | Rationale |
|---|---|---|---|---|---|
| Support buy | Bullish | 74.50–76.00 | Below S2 (70.00) | 78.00 / 82.50 | Buy on correction support zones |
| Resistance sell | Neutral | 78.00–80.00 | Above R2 (82.50) | 76.00 / 74.50 | Fade near resistance overhead |
| Breakout buy | Bullish | Above 80.00 | Below 78.00 | 82.50 / 85.00 | Confirmed upside continuation |
| Breakdown sell | Bearish | Below 74.50 | Above 76.00 | 70.00 / 67.50 | Deeper pullback on key support breach |
Base Case & Risk Managed Outlook
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Base case: XAG/USD consolidates within the 74.50–82.50 range, reflecting ongoing bullish trend but short‑term correction pressures.
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Risk management: Use tight stops near support and resistance pivots; monitor USD strength and macro catalysts.
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Invalidation: A breakout above R2 signals extended bullish momentum; a break below S2 would indicate a deeper correction.
7 Day Outlook Scenarios
| Scenario | Likelihood | Key Drivers | Expected behaviour |
|---|---|---|---|
| Bullish continuation | Medium–High | Ongoing supply tightness, industrial demand | Test and break above 82.50 |
| Range consolidation | High | Overbought conditions temper upside | Sideways between 74.50–82.50 |
| Corrective pullback | Medium | Technical overextension, USD strength | Retracement to 74.50 or lower |
Summary
Fundamental / Economic verdict: Silver’s short‑term fundamentals are bullish, backed by tight supply, robust industrial demand, safe‑haven flows, and supportive macro influences.
Technical verdict: The technical picture remains bullish overall, though overbought conditions heighten short‑term correction or consolidation risks.
Conclusion: The near‑term outlook for XAG/USD is constructive but mixed, with a strong bullish backdrop tempered by technical caution. Traders should be prepared for both continuation and corrective scenarios, placing emphasis on key support and resistance thresholds.
XAGUSD Chart
Economic News relating to XAGUSD
USDCHF | XAUUSD | EURUSD | CHFJPY | EURJPY | USDJPY | GBPUSD | EURGBP | GBPJPY | XAGUSD
