GBP/USD is heading to 1.2940

Source: Dukascopy Bank SA
The GBP/USD has passed the support of the 55, 100 and 200-hour simple moving averages. By the middle of Monday's trading session, the rate was headed to the support of a weekly and monthly pivot points just below the 1.2940 mark.  

In the meantime, the pair can be considered oversold, as it has left SMAs above the 1.3030 level. 

Combining these two factors, one can expect a decline to the pivot points, from where a retracement back up to the SMAs could occur.
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Mon, 20 Jan 2020 11:11:34 GMT

USD/JPY gets squeezed

On Friday, the USD/JPY retraced down to the support of the 55-hour simple moving average and the 110.00 mark. On Monday, the pair was still supported by the SMA. In the meantime, it faced the resistance of the 110.20 level. 

Mon, 20 Jan 2020 10:59:25 GMT

EUR/USD should continue decline

The EUR/USD plummeted on Friday from the simple moving averages near 1.1130 to the 1.1090 level. On Monday, the currency exchange rate reached below the 1.1090 level. 

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