What are the Five Currency Pairs to Watch in January and Why?

Posted in Forex
5 minute read
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Which currency pairs are the most interesting to consider as part of your forex trading strategy in January 2024? This article uses fundamental analysis and price action to explore the top 5 FX pairs to watch this month.

Is the Great Pivot Underway?

EUR/USD - Will the ECB be ready to acknowledge rate cuts are coming?

EURUSD_2023-12-22_19-01-23
SOURCE: EUR/USD, tradingview.com, 12/22/2023

USD/JPY - Is the Bank of Japan ready to tighten monetary policy?

USDJPY_2023-12-22_19-01-34
SOURCE: USD/JPY, tradingview.com, 12/22/2023

GBP/USD - Buoyed by the Fed acceptance that rate cuts are coming

GBPUSD_2023-12-22_19-01-47
SOURCE: GBP/USD, tradingview.com, 12/22/2023

USD/CAD - Is the first rate cut coming early in 2024?

USDCAD_2023-12-22_19-02-03
SOURCE: USD/CAD, tradingview.com, 12/22/2023

EUR/GBP - Remains rangebound as markets price in many rate cuts next year

EURGBP_2023-12-22_19-02-11
SOURCE: EUR/GBP, tradingview.com, 12/22/2023.

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