{"id":60497,"date":"2023-01-27T20:17:32","date_gmt":"2023-01-27T09:17:32","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=60497"},"modified":"2023-01-27T20:17:32","modified_gmt":"2023-01-27T09:17:32","slug":"friday-27th-january-2023-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/friday-27th-january-2023-technical-outlook-and-review\/","title":{"rendered":"Friday 27th January 2023 : Technical Outlook and Review"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">USD\/JPY:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance level at 131.592, where the 61.8% Fibonacci line is. In an alternate scenario, price could possibly head back down to retest the 1st support at 129.000, where the overlap support is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at <\/span><span style=\"font-weight: 400;\">131.592<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st support at <\/span><span style=\"font-weight: 400;\">129.000<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/USDJPY_2023-01-27_06-28-13.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/USDJPY_2023-01-27_06-28-13.png\" alt=\"\" class=\"wp-image-56628\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">DXY:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the Daily chart, my overall bias for DXY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price to possibly continue heading towards the 1st support at 101.300, where the previous low is. In an alternative scenario, price could head back up to retest the 1st resistance at 103.463, where the overlap resistance is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 103.463<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st support at 101.300<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/DXY_2023-01-27_06-30-45.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/DXY_2023-01-27_06-30-45.png\" alt=\"\" class=\"wp-image-56629\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">EUR\/USD:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the Daily chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market structure. To add confluence to this bias, price is also within an ascending channel. If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance at 1.09445, where the 50% Fibonacci line is. In an alternate scenario, price could possibly head back down to retest the 1st support level at 1.07120, where the 50% Fibonacci line is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration :<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 1st resistance at <\/span><span style=\"font-weight: 400;\">1.09445<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 1st support at 1.07120<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/ETHUSD_2023-01-27_10-26-09.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/ETHUSD_2023-01-27_10-26-09.png\" alt=\"\" class=\"wp-image-56630\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">&nbsp;GBP\/USD:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the 1st resistance line at 1.24465, where the previous swing high is. In an alternate scenario, price could possibly head back down and retest the 1st support at 1.22889, where the 23.6% Fibonacci line is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 <\/span><span style=\"font-weight: 400;\">&nbsp;1st resistance at <\/span><span style=\"font-weight: 400;\">1.24465<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 <\/span><span style=\"font-weight: 400;\">&nbsp;1st support at 1.22889<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/GBPUSD_2023-01-27_06-28-39.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/GBPUSD_2023-01-27_06-28-39.png\" alt=\"\" class=\"wp-image-56631\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">USD\/CHF:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for USDCHF is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.&nbsp; If the current bearish trend continues, expect the price to possibly continue to head towards the 1st support at 0.91588, where the 61.8% Fibonacci line is. In an alternative scenario, price could possibly head back up to retest the 1st resistance at 0.92673, where the 61.8% Fibonacci line is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 1st support at <\/span><span style=\"font-weight: 400;\">0.91588<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 1st resistance at<\/span><span style=\"font-weight: 400;\"> 0.92673<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/USDCHF_2023-01-27_06-31-28.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/USDCHF_2023-01-27_06-31-28.png\" alt=\"\" class=\"wp-image-56632\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">XAU\/USD (GOLD):<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. <\/span><span style=\"font-weight: 400;\">I<\/span><span style=\"font-weight: 400;\">f this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance at 1998.460, where the intermediary high is. In an alternative scenario, price could possibly head back down to retest the 1st support at 1921.450 where the 50% Fibonacci line is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:&nbsp;<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame,<\/span> <span style=\"font-weight: 400;\">1st resistance at 1998.460<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">1st support at 1921.450<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/XAUUSD_2023-01-27_06-32-11.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/XAUUSD_2023-01-27_06-32-11.png\" alt=\"\" class=\"wp-image-56633\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">AUD\/USD:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, there is an ascending trend line. If this bullish momentum continues, expect price to possibly break through&nbsp; the 1st resistance at 0.71357 and head towards 2nd resistance is at 0.72637.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">&nbsp;In an alternate scenario, price could possibly head back down towards the 1st support level at 0.68774, where the 50% Fibonacci line is located.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 , 2nd resistance at <\/span><span style=\"font-weight: 400;\">0.72637.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4. 1st resistance at <\/span><span style=\"font-weight: 400;\">0.71357<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4, <\/span><span style=\"font-weight: 400;\">1st support at <\/span><span style=\"font-weight: 400;\">0.68774<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/AUDUSD_2023-01-27_09-34-01.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/AUDUSD_2023-01-27_09-34-01.png\" alt=\"\" class=\"wp-image-56634\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">NZD\/USD:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias forNZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, there is an ascending channel. If this bullish momentum continues, expect price to possibly head towards the 1st resistance at 0.65305, and 2nd resistance is at 0.65743, where the 127% Fibonacci line is located.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">&nbsp;In an alternate scenario, price could possibly head back down towards the 1st support level at 0.64481, where the 50% Fibonacci line is located. 2nd support is at 0.63637 which is the recent swing low\/&nbsp;<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame,<\/span><span style=\"font-weight: 400;\"> 2nd resistance at <\/span><span style=\"font-weight: 400;\">0.65743<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame,<\/span><span style=\"font-weight: 400;\"> 1st resistance at <\/span><span style=\"font-weight: 400;\">&nbsp;0.65305<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">1st support at&nbsp; <\/span><span style=\"font-weight: 400;\">0.64481<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 2nd support at 0.63637<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/NZDUSD_2023-01-27_09-47-24.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/NZDUSD_2023-01-27_09-47-24.png\" alt=\"\" class=\"wp-image-56635\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">USD\/CAD:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for USDCAD is bearish, d<\/span><span style=\"font-weight: 400;\">ue to the current price&nbsp; below the Ichimoku cloud, and there is a descending trend line add confluence to my bias. <\/span><span style=\"font-weight: 400;\">I<\/span><span style=\"font-weight: 400;\">f this bearish momentum continues, expect the price to possibly continue heading towards the 1st support at 1.32263 <\/span><span style=\"font-weight: 400;\">which is recent swing low.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In an alternative scenario, price could possibly head up&nbsp; to the 1st resistance at 1.33497 which is in line with 23,6% Fibonacci line. The 2nd resistance is at 1.34802. There is an intermediate resistance at 1.34136 which is inl ine with 50% Fibonacci line.&nbsp;<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">&nbsp;2nd r<\/span><span style=\"font-weight: 400;\">esistance at&nbsp; <\/span><span style=\"font-weight: 400;\">1.34802<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame,&nbsp; intermediate resistance at <\/span><span style=\"font-weight: 400;\">1.34136<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">&nbsp;1st r<\/span><span style=\"font-weight: 400;\">esistance at <\/span><span style=\"font-weight: 400;\">1.33497<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st support a<\/span><span style=\"font-weight: 400;\">t&nbsp; <\/span><span style=\"font-weight: 400;\">1.32263<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 2nd support a<\/span><span style=\"font-weight: 400;\">t 1.33138<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/USDCAD_2023-01-27_10-03-21.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/USDCAD_2023-01-27_10-03-21.png\" alt=\"\" class=\"wp-image-56636\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">OIL:<\/span><span style=\"font-weight: 400;\">&nbsp;<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for BOC&nbsp; is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, there is an ascending trend line. If this bullish momentum continues, expect price to possibly head towards the 1st resistance at 88.885, where is the recent swing high.&nbsp; 2nd resistance is at 89.727.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In an alternate scenario, price could possibly head back down towards the 1st support level at 83.936, where the 50% Fibonacci line is located.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, 2nd resistance at 89.727.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at&nbsp; 88.885<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame,<\/span><span style=\"font-weight: 400;\">1st support at<\/span> <span style=\"font-weight: 400;\">83.936,<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/Pasted_Image_27_1_2023__7_45_pm.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/Pasted_Image_27_1_2023__7_45_pm.png\" alt=\"\" class=\"wp-image-56642\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Dow Jones Industrial Average:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">On the H4 chart, the overall bias for DJI is bullish. To add confluence to this, the price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance line at 34342.32, where the recent swing high is. In an alternative scenario, price could possibly head back down towards the 1st support at 32581.97, slightly above where the 38.2% Fibonacci line is.&nbsp;<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">1st support at 32581.97<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">1st Resistance at 34342.32<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/DJI_2023-01-27_06-35-45.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/DJI_2023-01-27_06-35-45.png\" alt=\"\" class=\"wp-image-56637\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">DAX:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the Daily chart, my overall bias for DAX is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market.&nbsp; If this bullish momentum continues, expect the price to possibly head towards the 1st resistance line at 16274, where the previous swing high is. In an alternative scenario, price could possibly head down to retest the 1st support at 14597, where the 50% Fibonacci line is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">1st resistance is at <\/span><span style=\"font-weight: 400;\">16274<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">1st support is at 14597<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/FDAX1_2023-01-27_06-34-37.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/FDAX1_2023-01-27_06-34-37.png\" alt=\"\" class=\"wp-image-56638\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">ETHUSD:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for ETHUSD is bearish,&nbsp; as the current price is below&nbsp; the Ichimoku cloud and a descending trend line add confluence to my bias. The price may break the 1st support at 1566.13 and head towards the 2nd support at 1508.94 which is the recent swing low.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In an alternative scenario, the price may up&nbsp; to the 1st resistance at 1676.45 which is the recent swing high .<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 t<\/span><span style=\"font-weight: 400;\">ime frame, 1st resistance of 1676.45<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st support at 1566.13<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 2nd support at 1508.94<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/ETHUSD_2023-01-27_10-26-09-1.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/ETHUSD_2023-01-27_10-26-09-1.png\" alt=\"\" class=\"wp-image-56639\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">BTCUSD:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, and there is an ascending channel, indicating a bullish market. If this bullish momentum continues, expect the price to possibly rise to the 1st resistance at 23357.18&nbsp; which is the overlap resistance.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In an alternative scenario, the price could possibly head back down to retest at the 1st support at 22314.61 which is in line with 78.6% Fibonacci line. . 2nd support is at 20567.41 which is the recent swing low.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, <\/span><span style=\"font-weight: 400;\">&nbsp;1st resistance 23357.18&nbsp;<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st support at 22314.61<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 2nd support a 20567.41<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/BTCUSD_2023-01-27_10-42-18.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/BTCUSD_2023-01-27_10-42-18.png\" alt=\"\" class=\"wp-image-56640\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">S&amp;P 500:<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Looking at the H4 chart, my overall bias for S&amp;P500 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price to continue heading towards the 1st resistance at 4119.97, where the 78.6% Fibonacci line is. In an alternative scenario, price could possibly head back down to break the 1st support at 3888.39, where the 50% Fibonacci line is, before heading towards the 2nd support at 3764.49, where the recent swing low is.<\/span><\/p>\n\n\n\n<p><b>Areas of consideration:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st support at <\/span><span style=\"font-weight: 400;\">3888.39<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 2nd support at <\/span><span style=\"font-weight: 400;\">3764.49<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at <\/span><span style=\"font-weight: 400;\">4119.97<\/span><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/SPX_2023-01-27_06-33-14.png\"><img decoding=\"async\" src=\"https:\/\/icmarkets.eu\/blog\/wp-content\/uploads\/2023\/01\/SPX_2023-01-27_06-33-14.png\" alt=\"\" class=\"wp-image-56641\"\/><\/a><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user\u2019s software, hardware, data or property. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY: Looking at the H4 chart, my overall bias for USDJPY [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":60398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[340,215,339,195],"tags":[],"class_list":["post-60497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-posts","category-market-analysis","category-recent-posts","category-technical-analysis"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/60497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=60497"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/60497\/revisions"}],"predecessor-version":[{"id":60498,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/60497\/revisions\/60498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/60398"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=60497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=60497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=60497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}