OnePro 12/28 Market report

【GBPUSD】

The recent performance of GBPUSD is a little stronger than EURUSD. While the euro is still trading in a tight range, the pound has broken through the consolidation range and gone up. Both the UK and the EU are currently struggling with the Omicron variant. However, the Bank of England is more hawkish, announcing rate hikes earlier than anyone else last week. Market analysts believe that the UK made an early move for the future when the outlook is still uncertain.

GBPUSD's technical analysis line chart looks like an Alligator golden cross and KD golden cross. The buying strength on the short term is relatively strong, coupled with the fact that it came from the bottom to break through the consolidation range. During this holiday period, the opportunity for an upward trend is quite high.

GBPUSD-H4

Resistance 1: 1.34780 / Resistance 2: 1.35150 / Resistance 3: 1.35800

Support 1: 1.33750 / Support 2: 1.32780 / Support 3: 1.31600

【USDJPY】

Extreme snow weather strikes Japan. The snow is half the height of a person, the highway has been suspended, the plane flights have been suspended, and the traffic has been almost completely stopped. The outlook for Japan, which was originally suspended for sightseeing, looks to become worse with the economy hit hard.

USDJPY today broke through the bottom consolidation range online breakout. From the technical line, both the Alligator and KD show a Golden Cross. This shows that the strength of the USDJPY is quite strong.

USDJPY-H4

Resistance 1: 114.700 / Resistance 2: 115.520

Support 1: 113.150 / Support 2: 112.720 / Support 3: 112.520

【USOIL】

Japan released 620,000 barrels of oil at the request of the United States and the date is set for auction on February 9, 2022. The recent Omicron variant has decreased the demand for crude oil, and the volatility of crude oil fluctuating shocks has intensified a lot. Just only yesterday, crude oil prices first jumped above recent highs which made Allligator and KD both show a golden cross. This indicated a strong buying force below. However, the focus of observation will be on Wednesdays crude oil inventories and the follow up of the development of the epidemic.

USOIL-H4

Resistance 1: 76.680 / Resistance 2: 78.420 / Resistance 3: 79.850

Support 1: 69.380 / Support 2: 66.300 / Support 3: 64.300

【XAUUSD】

At present, gold is challenging short-term highs. The Allligator shows a golden cross while the KD shows a death cross. These two contradictions show that there is a huge buying pressure challenging this high point and it is easy to break through higher.

XAUUSD-H4

Resistance 1: 1813.80 / Resistance 2: 1832.80 / Resistance 3: 1877.50

Support 1: 1785.00 / Support 2: 1770.20 / Support 3: 1752.50

OnePro Special Analyst

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The foregoing is a personal opinion only and does not represent any opinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

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