On Thursday (January 10th), it focused on the trend of EUR/USD and USD/JPY.
1. About the Euro:
As the bulls have not managed to rise above the 1.1550 level, the price of the intraday session has risen to 1.1570, but the gains are almost exhausted, indicating that buying will now need to hold the December high of 1.1497, otherwise it will face once it falls. The danger of the 1.1460 line is measured in the day.
If the bulls continue to rise above 1.1550, it is expected to further explore the 1.16 mark.
As for the operational recommendations, as long as the price stabilizes at 1.1490, it may be considered to be bullish to the 1.1505-1.16 area. Once the 1.1490 support level is lost, the 1.1460-30 support area will be measured shortly after the short position.
Beijing time 20:31, EUR/USD quoted at 1.1570
2. About the yen:
The price is currently approaching the 108.00 mark and is neatly arranged in the 108.00-10 area.It is expected that USD/JPY will continue to be under pressure at 108.40, which is the resistance level of the daily cloud chart area. Once the price falls below the 108.00 mark, the latter two supports are seen at the 107.75 and 107.00 gates.
If the exchange rate can return to above 108.40, the buying interest will increase or increase to push the bulls up to 108.80, or even the resistance level of 109.10.
(Article source: FX168)