Daily Technical Analysis and Forex tips 23rd January 2019

Daily Technical Analysis and Forex tips 23rd January 2019
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Please find below detailed daily Technical Analysis, Market Analysis and Forex tips for 23 January 2019 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: key resistance at 1.1375

Our preference is for short positions below 1.1375 with targets at 1.1350 & 1.1335 in extension. Alternative scenario is above 1.1375 look for further upside with 1.1390 & 1.1410 as targets.

GBP/USD Intraday: further advance

Our preference is for long positions above 1.2920 with targets at 1.2975 & 1.3000 in extension. Alternative scenario is below 1.2920 look for further downside with 1.2890 & 1.2855 as targets.

USD/CHF Intraday: intraday support around 0.9955

Our preference is for long positions above 0.9955 with targets at 0.9990 & 1.0010 in extension. Alternative scenario is below 0.9955 look for further downside with 0.9930 & 0.9905 as targets.

USD/JPY Intraday: under pressure

Our preference is for short positions below 109.50 with targets at 109.10 & 108.85 in extension. Alternative scenario is above 109.50 look for further upside with 109.70 & 109.90 as targets.

USD/CAD Intraday: further advance

Our preference is for long positions above 1.3320 with targets at 1.3370 & 1.3405 in extension. Alternative scenario is below 1.3320 look for further downside with 1.3280 & 1.3250 as targets.

AUD/USD Intraday: the bias remains bullish

Our preference is for long positions above 0.7115 with targets at 0.7145 & 0.7165 in extension. Alternative scenario is below 0.7115 look for further downside with 0.7100 & 0.7085 as targets.

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