2025 Market Outlook: Key January Events to Watch 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Stock Futures Dip as Investors Await Key Payrolls Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
GBP/JPY chart on Trading View used for analysis
- GBP/JPY is extending grind above 200-DMA, hits 3-week highs at 147.98.
- Technical analysis supports bullish bias for the pair, scope for further gains.
- Price action is now above daily cloud and major moving averages.
- Stochs are sharply higher and RSI above 50, bias higher. MACD shows bullish crossover on signal line.
- Next major bull target lies at 148.70 (trendline resistance). Break above to see further gains.
- On the flipside, retrace below 200-DMA could see weakness till 5-DMA at 146.56. Dip below 20-DMA negates bullish bias.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-GBP-JPY-Trade-Idea-1453317) has hit TP1.
Recommendation: Book partial profits at highs, hold for further upside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
