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20 Feb, 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:
There is uncertainty about the UK economic outlook against the backdrop of UK inflationary pressures, weak economic growth and the geopolitical situation. Persistent high inflation may force the Bank of England to stop cutting interest rates. However, weak economic indicators, including subdued services sector activity and sluggish consumer confidence, have added to uncertainty about the pound's outlook. On the geopolitical front, continued efforts to resolve the Russia-Ukraine conflict could boost risk sentiment and the pound.

Trend Analysis:
We can see GBP/USD remains volatile and runs above the 48 hours moving average on H4 chart. In addition, the MACD double line and energy bar converge above the zero axis. The buy limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.2500]
Key Resistance Levels: [1.2680]
Pivot Points [1.2550]

2. USD/JPY Analysis:

News Summary:
Data show that Japan's export data in January performed well, growing for the fourth consecutive month, mainly due to the strong performance of automobile exports to the United States. However, U.S. President Trump's threat to impose high tariffs on imported cars may cast a shadow on Japan's future export prospects. Economists warn that Trump's threat to impose a 25% tariff on imported cars could have a severe blow to Japanese exports. Automobiles are Japan's core export to the United States, accounting for 28% of total exports to the United States.

Trend Analysis:
We can see USD/JPY H4 level fluctuated and fell back and ran below the 48 hours moving average. On the other hand, the MACD energy bar and double line are expanding below the zero axis. The sell limit could be used, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [148.70]
Key Resistance Levels: [152.00]
Pivot Points [151.00]

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