News & Research

09 January 2025

powered by Land Prime

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• EURUSD

Update: The EUR/USD pair is currently testing support around the 1.0312 level, which has historical significance. If the price sustains above this level, we could see a bounce back towards 1.0443, which aligns with a previous resistance zone. However, a decisive break below 1.0312 might expose the pair to further downside, targeting the psychological support at 1.0200. Traders should monitor the daily close for confirmation of directional bias.

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• GBPUSD

Update: The GBP/USD pair is trading above 1.2300, which might push the pair upwards towards 1.2500. Resistance at 1.2500 aligns with a prior supply zone, making it a significant hurdle for any upside move. A breakdown below 1.2300 could expose the pair to the next major support at 1.2100. Conversely, reclaiming the 1.2500 level could shift momentum back in favor of buyers.

• GOLD

Update: Gold prices are currently hovering near 2659.74, reflecting a potential consolidation phase. Resistance at 2685.48 remains key for further bullish continuation. If this level is breached, the next target could be the 2740 region. On the downside, support is seen at 2587.39. A break below this support would likely intensify selling pressure, with a possible move towards 2525.

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• AUDUSD

Update: The AUD/USD pair is consolidating near the 0.6200 psychological level after facing resistance at 0.6219. This range-bound behavior suggests indecision in the market. A breakout above 0.6219 could signal a move towards 0.6250, which coincides with a recent peak. Alternatively, a breakdown below 0.6176 would likely trigger further bearish momentum, targeting 0.6150 as the next support zone.

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• GBPJPY

Update: GBP/JPY is trading within a defined range, with resistance at 199.62 and support at 188.44. The current price at 195.44 indicates a retest of the mid-range. A breakout above 199.62 could pave the way for further gains towards the 202.50 level. Conversely, failure to maintain the bullish structure might drive the pair back towards 188.44, where buyers could step in for a potential rebound.

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