GBP/ USD charts 1/9

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : GBPUSD

Direction : Identified time : 2020-01-10 04:31 GMT Breakout price : 1.30766 Forecast price : 1.30987 Forecast pips : 22 Probability : 65.6 %

Pattern : Ascending Triangle Interval : 30 Min Pattern : Resistance Interval : 15 Min Pattern : Resistance Interval : 30 Min

Brent fell almost 10% 1/9

If you want a clear picture of how the events of the last week have impacted the markets, look no further than oil prices. Brent crude is back trading in the region it was this time last week but the volatility in the interim has been extreme.

After spiking more than 5% in the aftermath of the attack on the two US bases, Brent fell almost 10% and ended the day not far from those lows. While future flare ups are likely, the clear desire on both sides not to engage for now has come as a huge relief to the markets and with that, the premium in oil has disappeared. Let’s just hope cooler heads will remain.

Brent Daily Chart

WSJ Dollar Index 1/8

The WSJ Dollar Index, which measures the US currency against a basket of 16 others, rose Wednesday to 90.12 from 90.04 on Tuesday after December private employment figures from ADP came in stronger than expected. The Labor Department will release its closely watched payrolls data for December on Friday.

forex GBP/JPY chart 1/7

	Symbol : GBPJPY

Direction : Identified time : 2020-01-08 03:01 GMT Breakout price : 142.342 Forecast price : 142.64196 Forecast pips : 30 Probability : 64.62 %

Pattern : Channel Down Interval : 30 Min Pattern : Channel Down Interval : 30 Min Pattern : Resistance Interval : 30 Min Pattern : Resistance Interval : 30 Min

EUR/USD 1/7

The euro could fall against the dollar in coming months as the German government remains reluctant to bow to pressure to increase fiscal spending to boost its sluggish economy, Rabobank says. If the government raised fiscal spending, the euro would "undoubtedly find support" but as it stands the currency could "falter moderately" in the near term, Rabobank's Jane Foley says. Persistently low inflation also increases the risk of further monetary policy easing by the European Central Bank, adding pressure on the euro, she says. Rabobank expects EUR/USD to end 2020 around 1.13, up from 1.1138 currently, but this is based on the assumption the Federal Reserve cuts interest rates later in 2020.