How To Make Money Today: Daily Market Analysis and Forex Trading Signals 25 January 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first, and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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GBP/USD

On the H4 chart price is near 1st support level of 1.34567 which is also 50% Fibonacci retracement. Price can potentially dip to the 2nd support level of 1.33585 which is also 127.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it.

Areas of consideration

H4 1st support 1.34567
H4 2nd support 1.33585

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