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EURUSD WEEKLY CHART – Another Sticky Zone
Similar to GBPUSD, to keep it simple, 1,00-at risk if below 1.02
Why I call 1.00-1.02 a sticky zone is the importance of 1.00 as a MEGA MAJOR psychological level as it is parity. Beyond that is a back hole on a monthly chart to .9500.
At a minimum, 1.0200-50+ would be needed to slow what feels like an inevitable run at parity.
GBPUSD WEEKLY CHART – Sticky Zone
To keep it simple, 1,20 at risk while below 1,22
Why I call 1.20-1.22 a sticky zone isa the importance of 1.20 as a MAJOR psychological level and then a void to 1.18…1 ,2034 is the  weekly chart support but pivotal big figures, such as 1.20 is clearly more important.
Looking at a 4 hour chart, any bounce not that fails to reach 1.2321 (bot the risk at the moment) should be treated as a retracement.
Using my Platform as a HEATMAP shows
Markets on hold awaiting the US jobs report in 3+ hours
GS and Citi calling for a weaker report …
But not showing up in bonds, where yields have edged higher
To keep it simple, watch big figures to guide the respective tones post-data
EURUSD 1.03
USDJPY 158** (traded 4 days in a row)
GBPUSD 1.23
USDCAD 1.44
AUDUSD .62**
**More significant big figures than the others
GBPUSD MONTHLY CHART – IS THE BOE IN
If I was the BOE I would be looking to slow the bond inspired sell-off by covertly intervening in GBPUSD.
The key level to defend is 1.2232 (and 1.22) as a firm break would expose 1.20
Low 1.2238… back above 1.23 is needed to slow the risk
Watch UK bonds nd EURGBP for clues
Using my platform as a HEATMAP
The attack on GBP continues although it has come off its lows. If I was the BOE, I would be in covertly to prevent a full-scale panic.
EURUSD continues to find support out of EURGBP but so far niot enough to get through 1.-320-25
…. And US jobs report is yet to come… NO US data today due to the Day of Mourning
Be aware that the start of a new year often sees false starts and choppy trading as markets slowly return to full
These Amazing Trader 15 mibute charts speak for themselve… both reacting to bearish patterns, and now approaching initial target supports.
EURUSD
GBPUSD
Using my platform as a Heatmap shows the USD lower vs all but the JPY, so you can see what cross flows are helping to drive the price action today.
To suggest anything more than typical start of year trading, EURUSD 1.0375 and/or GBPUSD 1.25+ would need to be regained.
USDJPY 158 remains pivotal as above it opens the door for 1.50.
US stocks up, bond yields up (ust a few bps) , GOLD down
How markets end tge week will be more important than how they start out.
