The direction of major currency pairs like USD/JPY, GBP/USD, and EUR/USD will be heavily influenced by central bank meetings and key economic data.


Key Events:

  • Feb 1: Federal Reserve meeting (FOMC)
  • Feb 1: Bank of England meeting (BoE)
  • Feb 1: US ISM Manufacturing PMI
  • Feb 1: Eurozone inflation data
  • Feb 2: US Nonfarm Payrolls



  • Downward trend likely if USD strengthens from FOMC and positive PMI.
  • Target levels: 144.64, 143.90, 143.02, 142.25.
  • Watch for US labor market data and Fed meeting outcome.



  • Current Price: 1.2670
  • Trend: Sideways
  • Recent News: Fed meeting suggests hawkish stance, supporting GBP upside.
  • BoE Meeting: Key event. If hawkish, expect GBP to rise towards 1.2876.
  • Technical Analysis: 4-hour chart shows bullish signals.



  • Current Price: 1.0800
  • Trend: Downward
  • Recent News: Fed meeting slightly dovish, ADP data weakens US jobs outlook.
  • Tomorrow’s News: US unemployment data could impact EUR direction.
  • Technical Analysis: 4-hour chart shows bearish signals.



  • Bullish trend ongoing, potential to reach 2,055 or even 2,062.
  • Strong resistance at 2,050, support at 2,037.
  • Watch for gold’s reaction to Fed meeting and Powell’s speech.

Categories: Market News

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