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09 Jan, 2025
5 minutes

Daily Technical Analysis:GBP/USD、USD/JPY

Welcome to our daily technical analysis of the financial markets, focusing today on GBP/USD and USD/JPY. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. GBP/USD Analysis:
News Summary:
The UK 30-year government bond yield hit 5.25%, surpassing the previous peak in October 2023. Earlier, the UK Treasury paid its highest 30-year borrowing costs this century when it sold 2.25 billion pounds of new debt at a yield of 5.20%. Outside the government bond market, sterling fell the most among major currencies, and British stocks tumbled, with the FTSE 250 mid-cap index on track for its biggest two-day loss since August.

Trend Analysis:
We can see GBP/USD H4 level is oscillating at a low level and running below the 48 hours moving average. Furthermore, the MACD double line and energy bar begin to converge below the zero axis. The sell limit could be placed, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [1.2250]
Key Resistance Levels: [1.2430]
Pivot Points [1.2390]

 


2. USD/JPY Analysis:

News Summary:
Japan's underlying inflation looks set to remain above the 2% target for much of 2025, but it's too early to declare victory. Price increases are still driven by goods rather than services, and services, which are far more labor-intensive than goods, have not risen as quickly as in other advanced economies, so the idea that goods inflation reflects faster wage growth is less credible.

Trend Analysis:
We can see USD/JPY fluctuated at a high level and ran above the 48 hours moving average on H4 chart. In addition, the MACD energy bar and double line shrink near the zero axis. The buy limit could be used, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [156.70]
Key Resistance Levels: [159.00]
Pivot Points [157.30]

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