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25.01.2021 10:19 AM
Fractal analysis of major pairs on January 25

Outlook on January 25:

Analytical review of popular currency pairs on the hourly chart:

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The key levels for the EUR/USD pair are 1.2244, 1.2215, 1.2202, 1.2180, 1.2146, 1.2123 and 1.2099. Following the upward trend from January 18, the pair is expected to resume growth after the level of 1.2180 is broken, with a target of 1.2202. Price consolidation is in the range of 1.2202 - 1.2215. The final potential upward target is the level of 1.2244. Once this level is reached, consolidation and downward pullback can be expected.

A short-term decline, in turn, is possible in the range of 1.2146 - 1.2123. If the last value is broken, a deep correction will occur, with a target of 1.2099. This is the key support level for growth.

The main trend is the upward trend from January 18

Trading recommendations:

Buy: 1.2180 Take profit: 1.2202

Buy: 1.2215 Take profit: 1.2244

Sell: 1.2146 Take profit: 1.2125

Sell: 1.2122 Take profit: 1.2100

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The key levels for the GBP/USD pair are 1.3889, 1.3852, 1.3792, 1.3756, 1.3698, 1.3667 and 1.3602. Following the upward trend from January 11, we can expect a short-term growth in the range of 1.3756 - 1.3792. Upon breaking the last value, a strong rise will occur, with a target of 1.3852. The ultimate potential target is the level of 1.3889. Once this level is reached, price consolidation and downward pullback can be expected.

Meanwhile, short-term decline is expected in the range of 1.3698 - 1.3667. If the last value is broken, it will favor the development of a downward trend with the first potential target located at 1.3602.

The main trend is the upward trend from January 11

Trading recommendations:

Buy: 1.3756 Take profit: 1.3790

Buy: 1.3794 Take profit: 1.3850

Sell: 1.3698 Take profit: 1.3668

Sell: 1.3665 Take profit: 1.3604

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The key levels for the USD/CHF pair are 0.9070, 0.9042. 0.8982, 0.8957, 0.8921, 0.8858, 0.8817 and 0.8756. The existing situation in the four-hour chart is still being considered. Currently, the price is in the zone of initial conditions from January 6. In this case, we expect the pair to continue upwards after the level of 0.8921 is broken, with a target of 0.8957. Price consolidation is near this level. If the price passes the noise range of 0.8957 - 0.8982, a strong growth will occur, targeting the level of 0.9042. This will be followed by the final potential upward target - 0.9070. After reaching this level, price consolidation and downward pullback can be expected.

On another note, short-term decline is expected in the range of 0.8858 - 0.8817, hence an upward reversal is very likely. If the last value is broken, further decline can be expected, with a potential target of 0.8756.

The main trend is the upward trend from January 6

Trading recommendations:

Buy: 0.8921 Take profit: 0.8957

Buy: 0.8982 Take profit: 0.9040

Sell: 0.8858 Take profit: 0.8820

Sell: 0.8815 Take profit: 0.8757

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The key levels for the USD/JPY are 104.34, 104.12, 103.92, 103.68, 103.56, 103.48, 103.34, 103.22, 103.02 and 102.89. The price of the pair is in a correction stage from the downward trend, which forms an upward potential from January 21. So, we expect the pair to continue rising after the level of 103.92 is broken, with the first target of 104.12. Price consolidation is near this level. Lastly, we have the level of 104.34 as a potential upward target.Once this level is reached, price consolidation and downward pullback are possible.

A short-term decline is expected in the range of 103.68 - 103.56. If the price breaks through the noise range of 103.56 - 103.48, a downward trend will follow, with the first potential target is 103.34. Meanwhile, there is a short-term decline and consolidation in the range of 103.34 - 103.22.

The main trend is the downward trend from January 11, building growth potential from January 21

Trading recommendations:

Buy: 103.92 Take profit: 104.10

Buy: 104.13 Take profit: 104.34

Sell: 103.66 Take profit: 103.56

Sell: 103.46 Take profit: 103.34

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The key levels for the USD/CAD pair are 1.2846, 1.2806, 1.2761, 1.2742, 1.2680, 1.2652, 1.2626 and 1.2589. The price here is forming a strong potential to grow from January 21. This trend is expected to develop after the price passes the noise range of 1.2742 - 1.2761, with a target of 1.2806. The final upward target will be the level of 1.2846. After reaching this level, price consolidation and downward pullback are possible.

A short-term decline, on the contrary, is expected in the range of 1.2680 - 1.2652. If the last value is broken, a deep correction will follow, with a target of 1.2626 (key upward support). There is consolidation near this level. The price breaking through the target will encourage the development of a downward trend. In this case, the next potential target is 1.2589.

The main trend is the downward trend from January 18, upward potential from January 21

Trading recommendations:

Buy: 1.2761 Take profit: 1.2806

Buy: 1.2807 Take profit: 1.2844

Sell: 1.2680 Take profit: 1.2654

Sell: 1.2650 Take profit: 1.2627

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The key levels for the AUD/USD pair are 0.7834, 0.7821, 0.7799, 0.7781, 0.7755, 0.7704, 0.7675, 0.7644 and 0.7619. The price of the pair is in the correction stage from the upward trend of January 18. In this case, we expect it to continue increasing after the level of 0.7755 is broken, with the first target of 0.7781. In turn, short-term growth and consolidation is in the range of 0.7781 - 0.7799. If the last value is broken, strong growth can be expected to the next target of 0.7821. The final upward potential growth is the level of 0.7834. Price consolidation is in the range of 0.7834 - 0.7821.

In turn, short-term decline is expected in the range of 0.7737 - 0.7719. We expect for the formation of the initial conditions for a downward trend in this price range.

The main trend is the bullish trend from January 18, correction stage

Trading recommendations:

Buy: 0.7755 Take profit: 0.7780

Buy: 0.7800 Take profit: 0.7820

Sell: 0.7704 Take profit: 0.7677

Sell: 0.7673 Take profit: 0.7645

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The key levels for the EUR/JPY pair are 127.01, 126.85. 126.57, 126.44, 126.16, 126.01 and 125.73. Following the development of the upward trend from January 18, we expect a short-term growth in the range of 126.44 - 126.57. If the last value is broken, it should be accompanied by a strong growth, with a target of 126.85. The ultimate potential target is the level of 127.01. Once this level is reached, a downward pullback can be expected.

A short-term growth is possible in the range of 126.16 - 126.01. If the last value is broken, it will lead to a deep correction, followed by the target of 125.73. This is the key support level for growth.

The main trend is the upward trend from January 18

Trading recommendations:

Buy: 126.45 Take profit: 126.55

Buy: 126.58 Take profit: 126.85

Sell: 126.16 Take profit: 126.04

Sell: 125.98 Take profit: 125.75

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The key levels for the GBP/JPY pair are 143.62, 143.19, 142.72, 142.56, 142.24, 141.70, 141.37 and 141.03. Following the development of the upward initial conditions from January 18, the pair is expected to continue rising after the level of 142.24 is broken. In this case, the target is 142.56 and price consolidation is near this level. The price overcoming the noise range of 142.56 - 142.75 will lead to the continuation of a strong growth, with a target of 143.19. The final target is the level of 143.62. Once this level is reached, price consolidation and downward pullback will occur.

Short-term decline, in turn, is possible in the range of 141.70 - 141.37. If the last level is broken, a deep correction will occur, with a target of 141.03. This is the key support level for growth.

The main trend is the upward initial conditions of January 18

Trading recommendations:

Buy: 142.24 Take profit: 142.56

Buy: 142.75 Take profit: 143.19

Sell: 141.70 Take profit: 141.40

Sell: 141.35 Take profit: 141.03

Daichi Takahashi,
Analytical expert of InstaForex
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