19/01/2026
Welcome 2026!
Daily/ Weekly pov:
GBPJPY
Short from the 212 area targeting 208.
Structure shows weakness: failure to print a higher high, momentum deceleration, and upper wicks near the highs. Rallies look corrective rather than trend continuation. As long as price remains below 212–213, downside correction remains the higher-probability scenario.
S&P 500
The index is showing signs of weakening: momentum divergence, difficulty extending higher, and sideways price action after a prolonged move. No structural breakdown yet, but conditions favor a correction or deeper consolidation rather than a strong continuation.
USD
The dollar remains stable with no clear downside break. This supports a moderation in risk-on conditions and reinforces the correction scenario across markets.
Summary
Markets are transitioning from trend continuation to a corrective phase. Until a new structure develops, preference is for mean-reversion setups and conservative risk management.
