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Forex market Fresh Forecast for today 29 January 2025

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Fresh forecast
for 29 January 2025
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forex euro dollar Fundamental analysis
Author: David Johnson
for 29 January 2025
EURUSDThe EUR/USD exchange rate saw a 0.6% decline on Tuesday amid a general weakening of market sentiment
GBPUSDGBP/USD holds near 1.2450 ahead of Fed decision
USDJPYThe market is currently experiencing a period of caution, with investors adopting a wait-and-see approach in light of the Federal Reserve's upcoming decision
for 29 January 2025
EURUSDEUR/USD: The price has sharply slowed down its upward movement and decided to take a corrective pause.
GBPUSDGBP/USD: The beginning of the fourth wave in the upward impulse.
USDJPYUSD/JPY: The situation still gives sellers a chance to implement a bearish scenario.
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