FX.co ★ Fractal analysis of the main currency pairs on January 25

Dear colleagues.

For the EUR / USD pair, the continuation of the upward movement is expected after the breakdown of 1.2411. For the GBP / USD pair, the potential value for the top is at 1.4481 but we expect a more likely reversal from 1.4340. For the of USD / CHF pair, the price is near the limit values as a result. We expect the withdrawal to the top. For the USD / JPY pair, the continuation of the downward movement is possible after passing through the noise range 109.07 - 108.92. The upward movement is considered as a correction. For the EUR / JPY pair, the continuation of the upward movement is expected after passing the price of the noise range of 136.16 - 136.46. For the GBP / JPY pair, we expect to reach the level of 156.29.

Forecast for January 25:

Analytical review of currency pairs in the scale of H1:

For the EUR / USD pair, the key levels on the scale of H1 are: 1.2539, 1.2477, 1.2453, 1.2411, 1.2359, 1.2330, 1.2274. Here, we follow the development of the local upward structure of January 17. The continuation of the upward movement is expected after the breakdown of 1.2411. In this case, the target is 1.2453. In the area of 1.2453 - 1.2477 is the consolidation of the price. For the potential value for the top, consider the level of 1.2539. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possible in the area of 1.2359 - 1.2330. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2274. This level is the key support for the top.

The main trend is the upward structure of January 17.

Trading recommendations:

Buy: 1.2412 Take profit: 1.2450

Buy 1.2478 Take profit: 1.2536

Sell: 1.2559 Take profit: 1.2332

Sell: 1.2328 Take profit: 1.2276

For the GBP / USD pair, the key H1 scale levels are 1.4481, 1.4340, 1.4256, 1.4154, 1.4099, 1.4015 and 1.3890. Here, the continuation of the upward movement is expected after the breakdown of 1.4256. In this case, the target is 1.4340. Near this level is the consolidation of the price. For the potential value for the top, consider the level of 1.4481. Upon reaching this level, we expect a departure towards correction.

Short-term downward movement is possible in the area of 1.4154 - 1.4099. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.4015. This level is the key support for the top. Passing the price will lead to the development of the downward structure. In this case, the target is 1.3890.

The main trend is the local upward structure of January 16.

Trading recommendations:

Buy: 1.4256 Take profit: 1.4340

Buy: 1.4342 Take profit: 1.4480

Sell: 1.4152 Take profit: 1.4100

Sell: 1.4098 Take profit: 1.4020

For the USD / CHF pair, the key levels in the scale of H1 are: 0.9564, 0.9515, 0.9486, 0.9435, 0.9389 and 0.9362. Here, the price is near the limit values for the long-term downward structure. The continuation of the downward movement is expected after the breakdown of 0.9435. In this case, the target is 0.9389. From this level, we expect a correction. The range of 0.9389-0.9362 is noise.

Short-term upward movement is possible in the area of 0.9486 - 0.9515. The breakdown of the last value will lead to in-depth movement. Here, the target is 0.9564. This level is the key support for the downward structure. Passing the price will lead to the formation of the initial conditions for the top. In this case, the goal is 0.9639.

The main trend is the downward structure of January 10.

Trading recommendations:

Buy: 0.9486 Take profit: 0.9512

Buy: 0.9517 Take profit: 0.9562

Sell: 0.9535 Take profit: 0.9390

Sell: Take profit:

For the USD / JPY pair, the key levels on a scale are: 110.47, 109.99, 109.69, 109.07, 108.92, 108.32, 107.88 and 107.28. Here, we continue to follow the downward structure from January 8. The continuation of the downward movement is expected after passing the price of the noise range of 109.07 - 108.92. In this case, the target is 108.32. Near this level is the consolidation of the price. A breakdown at the level of 108.32 will allow you to count on the movement towards 107.88. This level is highly likely to roll back to the top. As a potential value for the downward cycle from January 8, we consider the level of 107.28, which is still interesting from the medium-term perspective.

A short-term upward movement is possible in the area of 109.69 - 109.99. The breakdown of the last value will lead to an in-depth movement. Here, the target is 110.47. This level is the key support for the downward structure.

The main trend is the downward cycle from January 8.

Trading recommendations:

Buy: 109.70 Take profit: 109.95

Buy: 110.00 Take profit: 110.45

Sell: 108.90 Take profit: 108.35

Sell: 108.28 Take profit: 107.90

For the CAD / USD pair, the key H1 scale levels are: 1.2443, 1.2401, 1.2367, 1.2313, 1.2263 and 1.2213. Here, we follow the downward structure of January 11. The continuation of the downward movement is expected after the breakdown of the level of 1.2313. In this case, the target is 1.2263. Near this level is the consolidation of the price. For the potential value for the bottom, consider the level of 1.2213. Upon reaching this level, we expect a rollback to the top.

Short-term upward movement is possible in the area of 1.2367 - 1.2401. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2443. Up to the 1.2470 level, we expect the initial conditions for the upward cycle to be formed.

The main trend is the downward structure of January 11.

Trading recommendations:

Buy: 1.2368 Take profit: 1.2400

Buy: 1.2404 Take profit: 1.2440

Sell: 1.2310 Take profit: 1.2265

Sell: 1.2258 Take profit: 1.2220

For the AUD / USD pair, the key levels on the H1 scale are: 0.8179, 0.8140, 0.8097, 0.8039, 0.8013, 0.7976 and 0.7957. Here, we consider the upward structure of January 23 as local initial conditions. The continuation of the upward movement is expected after the breakdown of 0.8097. In this case, the target is 0.8140. From this level, the probability of a reversal is high. For the potential value for the top, consider the level of 0.8179.

Short-term downward movement is possible in the area of 0.8039 - 0.8013. The breakdown of the last value will lead to the development of the downward structure. In this case, the potential target is 0.7976.

The main trend is the local upward structure of January 23.

Trading recommendations:

Buy: 0.8098 Take profit: 0.8138

Buy: 0.8142 Take profit: 0.8176

Sell: 0.8037 Take profit: 0.8015

Sell: 0.8010 Take profit: 0.7978

For the EUR / JPY pair, the key levels on the scale of H1 are: 137.47, 137.06, 136.46, 136.16, 135.35, 135.03, 134.62 and 134.04. Here, we continue to follow the upward structure of January 10. The continuation of the upward movement is expected after passing the price of the noise range of 136.161-136.46. In this case, the target is 137.06. For the potential value for the top, consider the level of 137.47. Upon reaching this level, we expect consolidation as well as a rollback to the bottom.

Short-term downward movement is possible in the area of 135.35 - 135.03. The breakdown of the last value will lead to in-depth correction. Here, the target is 134.62. This level is the key support for the top. Passing the price will lead a downward structure. In this case, the target is 134.04.

The main trend is the upward structure of January 10.

Trading recommendations:

Buy: 136.48 Take profit: 137.05

Buy: 137.08 Take profit: 137.45

Sell: 135.03 Take profit: 134.64

Sell: 134.60 Take profit: 134.06

For the GBP / JPY pair, the key levels on the scale of H1 are: 158.22, 156.88, 156.29, 155.33, 154.39, 153.74, 152.83 and 151.86. Here, we follow the upward cycle of January 11. At the moment, we expect the move to the level of 156.29. In the area of 156.29 - 156.88 is the consolidation of the price. For the potential value for the top, consider the level of 158.22. Upon reaching this level, we expect a pullback to the bottom.

A short-term downward movement is possible in the area of 154.39 - 153.74. The breakdown of the last value will lead to an in-depth movement. Here, the target is 152.83. This level is the key support for the upward trend. Passing the price will lead to the development of a downward structure. In this case, the potential target is 151.86.

The main trend is the upward cycle of January 11.

Trading recommendations:

Buy: 155.35 Take profit: 156.29

Buy: 156.90 Take profit: 158.20

Sell: 154.39 Take profit: 153.74

Sell: 153.72 Take profit: 152.85