Dear colleagues.
For the EUR / USD pair, we follow the upward structure from January 29. The continuation to the top is expected after the breakdown of 1.2541. For the GBP / USD pair, we follow the upward structure of January 30. For the USD / CHF, the potential value for the downward structure from January 10 is the level of 0.9098. According to the USD / JPY pair, the price forms the potential for the top of January 26 in correction of the downward structure. For the EUR / JPY pair, we follow the development of the upward structure of January 30. For GBP / JPY pair, we expect movement towards the level of 157.81
The forecast for February 2:
Analytical review of currency pairs in the scale of H1:
For the EUR / USD pair, the key H1 scale levels are: 1.2642, 1.2617, 1.2573, 1.2541, 1.2489, 1.2453, 1.2408 and 1.2335. Here, we follow the development of the upward structure of January 29. Short-term upward movement is expected in the range of 1.2541 - 1.2573. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.2617. In the area of 1.2617 - 1.2642 is the consolidation of the price.
Short-term downward movement is possible in the area of 1.2489 - 1.2453. The breakdown of the last value will lead to in-depth correction. Here, the target is -1.2408. This level is the key support for the top.
The main trend is the upward structure of January 29.
Trading recommendations:
Buy: 1.2541 Take profit: 1.2570
Buy 1.2575 Take profit: 1.2615
Sell: 1.2486 Take profit: 1.2456
Sell: 1.2450 Take profit: 1.2415
For the GBP / USD pair, the key levels on the scale of H1 are 1.4515, 1.4434, 1.4340, 1.4292, 1.4177, 1.4126 and 1.3979. Here, we follow the upward structure of January 30. Short-term upward movement is expected in the area of 1.4292 - 1.4340. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.4434. Near this level price is the consolidation of the price. For the potential value for the top, consider the level of 1.4515. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 1.4177 - 1.4126. The breakdown of the latter value will lead to the development of the downward structure. Here, the potential target is 1.3979.
The main trend is the upward structure of January 30.
Trading recommendations:
Buy: 1.4292 Take profit: 1.4340
Buy: 1.4342 Take profit: 1.4432
Sell: 1.4175 Take profit: 1.4128
Sell: 1.4124 Take profit: 1.4010
For the of USD / CHF pair, the key levels in the scale of H1 are: 0.9449, 0.9412, 0.9352, 0.9263, 0.9211 and 0.9098. Here, we follow the development of the downward trend from January 10. Short-term downward movement is expected in the area of 0.9263 - 0.9211. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 0.9098. Upon reaching this level, we expect a pullback to the top.
Going into correction is possible after the breakdown of 0.9352. Here, the target is 0.9412. Up to the level of 0.9449, we expect formalized initial conditions for the upward cycle.
The main trend is the downward structure of January 10.
Trading recommendations:
Buy: 0.9352 Take profit: 0.9410
Buy: Take profit:
Sell: 0.9260 Take profit: 0.9215
Sell: 0.9208 Take profit: 0.9100
For the USD / JPY pair, the key levels on a scale are: 110.47, 109.99, 109.69, 109.07, 108.32, 107.88 and 107.28. Here, the price is in correction and forms the potential for the top of January 26. Short-term downward movement is expected in the range of 108.32 - 107.88. As a potential value for the downward cycle from January 8, we consider the level of 107.28. This is still interesting from the medium-term perspective.
Consolidated movement is expected in the range of 109.07 - 109.69. The area of 109.69 - 109.99 is the key support for the downward structure. Passing the price will lead to the development of an upward structure. In this case, the target is 110.47.
The main trend is the downward cycle from January 8, the formation of the potential for the top of January 26.
Trading recommendations:
Buy: 109.69 Take profit: 109.97
Buy: 110.00 Take profit: 110.45
Sell: 108.32 Take profit: 107.90
Sell: 107.85 Take profit: 107.35
For the CAD / USD pair, the key H1 scale levels are: 1.2443, 1.2401, 1.2367, 1.2313, 1.2263, 1.2213 and 1.2147. Here, we continue to follow the downward structure from January 11. Short-term downward movement is expected in the range 1.2313 - 1.2263. The breakdown of the last value will lead to movement towards the level of 1.2213. For the potential value for the bottom, consider the level of 1.2147. Upon reaching this level, we expect a pullback 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, to 1.2470 level we expect the initial conditions for the upward cycle to be formalized.
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: 0.8257, 0.8210, 0.8179, 0.8140, 0.8080, 0.8002, 0.7957 and 0.7892. Here, the price is close to lifting the upward structure from January 23, for which we expect another breakdown at 0.8027. In this case, the target is 0.7957. Near this level is the consolidation of the price. For the potential value for the downward structure from January 26, consider the level of 0.7892. Upon reaching this level, we expect a pullback to the top.
The 0.8080 level is the key support for the downward structure. Passing the price will lead to create local initial conditions for the top. Here, the first target is 0.8140.
The main trend is a local upward structure from January 23, the formation of a downward potential from January 26.
Trading recommendations:
Buy: 0.8180 Take profit: 0.8140
Buy: 0.8142 Take profit: 0.8176
Sell: 0.8025 Take profit: 0.7960
Sell: 0.7955 Take profit: 0.7900
For the EUR / JPY pair, the key levels on the scale of H1 are: 139.14, 138.73, 137.96, 137.50. 136.18, 135.58, 134.91 and 134.12. Here, we follow the development of the upward structure of January 30. Short-term upward movement is expected in the range 137.50 - 137.96. The breakdown of the last value will lead to a movement towards the level of 138.73. In the area of 138.73 - 139.14 is the consolidation of the price.
Short-term downward movement is possible in the area of 136.18 - 135.58. The breakdown of the last value will lead to in-depth correction. Here, the target is 134.91. This level is the key support for the top. Its breakdown will allow us to count on the movement towards the level of 134.12.
The main trend is the upward structure of January 30.
Trading recommendations:
Buy: 137.98 Take profit: 138.70
Buy: Take profit:
Sell: 136.14 Take profit: 135.60
Sell: 135.55 Take profit: 134.95
For the GBP / JPY pair, the key levels on the scale of H1 are: 159.83, 158.66, 157.81, 156.04, 155.46, 154.52, 154.06, 153.31 and 152.05. Here, we follow the formation of the upward structure of January 30. The continuation of the upward movement is expected after passing the price of the noise range 155.46 - 156.04. In this case, the target is 157.81. In the area of 157.81 - 158.66 is the consolidation of the price. For the potential value for the top, consider the level of 159.83. Upon reaching this level, we expect a pullback to the bottom.
Short-term downward movement is possible in the area of 154.52 - 154.06. The breakdown of the last value will lead to in-depth correction. Here, the target is 153.31. This level is the key support for the top. Passing the price will lead to the development of a downward movement. In this case, the target is 152.05.
The main trend is the formation of the upward structure from January 30.
Trading recommendations:
Buy: 156.10 Take profit: 157.80
Buy: 158.68 Take profit: 159.80
Sell: 154.06 Take profit: 153.35
Sell: 153.28 Take profit: 152.07
