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25.01.202108:40 Forex Analysis & Reviews: Simplified wave analysis and forecast of GBP/USD and USD/JPY for January 25

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

GBP/USD

Analysis:

As a result of the upward trend, the quotes of the British pound reached the lower limit of the strong zone of a potential reversal. The length of the zone is more than 4 price figures, so the change in the short-term trend will be stretched over time. The incomplete short-term wave starts on December 21. It lacks the final part (C).

Forecast:

In the coming day, the general flat vector of the pair's movement is expected. After an attempt to put pressure on the resistance zone, you can then count on a change of course and a repeated decline to the support zone.

Potential reversal zones

Resistance:

- 1.3730/1.3760

Support:

- 1.3630/1.3600

Recommendations:

Trading on the pound market today is only possible in individual sessions with a reduced lot, according to the expected sequence.

Exchange Rates 25.01.2021 analysis

USD/JPY

Analysis:

The downward wave from November 9 sets the main direction of short-term movements of the Japanese yen. The unfinished section from January 11 forms a reversal pattern before the start of the final decline.

Forecast:

In the next trading sessions, the completion of the current price rise in the last two days is expected. By the end of the day, you can expect the formation of a reversal and the beginning of the price move down. The calculated zones show the expected daily range of the pair's movement.

Potential reversal zones

Resistance:

- 104.00/104.30

Support:

- 103.40/103.10

Recommendations:

Buying the yen today can be risky and is not recommended. The main attention is proposed to be paid to the search for signals for the sale of the instrument.

Exchange Rates 25.01.2021 analysis

Explanation: In the simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of the arrows shows the formed structure, and the dotted one shows the expected movements.

Attention: The wave algorithm does not take into account the duration of the tool movements in time!

Isabel Clark
Analytical expert of InstaForex
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