January 6 2022
Yesterday the GBP broke resistance at 1.3550/60 but fell short of our 1.3600 target.
The failure to reach 1.3600 could signal some short term GBP weakness to test support first at 1.3520 and then 1.3470.
USDJPY found strong support on yesterday’s corrective dip towards 115.60
Immediate resistance is now found at 116.30/40 a break of this level would target 116.90/117.00
Support remains in place at 115.70/60
The EURUSD failed to break above 1.1340 and has fallen back close to 1.1300
The loss of upside momentum could see the EURUSD slip below 1.1300 and test the 1.1270 Support again.
Gold failed to break 1828/1830 resistance.
The yellow metal is under some pressure this morning and is testing support at 1808/1806 a break here opens up 1800/1798 support as an initial target.
Resistance is now found at 1818 and the key 1828/1830
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