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Daily Technical Analysis: [16 JAN]

Jan 16, 2026 TMGM


1. GBP/USD Analysis:

News Summary:

The UK’s GDP growth is not a random rebound, but rather the result of synchronized improvements across several key sectors. Most notably, the services sector rebounded strongly, posting a 0.3% month-on-month increase in November, sharply reversing the 0.3% decline in the previous month and significantly outperforming the market expectation of 0.1%. As the backbone of the UK economy, services account for more than 70% of GDP, and their recovery provides a direct boost to employment, household income expectations, and consumer confidence.

 

Trend Analysis:

We can see GBP/USD is experiencing choppy downside movement on the H4 chart, trading below the 48 hours moving average. In addition, both the MACD double line and the histogram bars are converging below the zero axis. The buy limit could be placed, stop loss is necessary.

 

Today's Key Price Levels:

Key Support Levels: [1.3330]

Key Resistance Levels: [1.3470]
Pivot Points [1.3350]

2. Crude Oil Analysis:

 

News Summary:

Oil prices fell sharply by more than 3% on Thursday, snapping a five-day winning streak, as comments from U.S. President Trump suggesting easing tensions around Iran, combined with data showing a significant build in U.S. crude inventories, weighed on the market. The primary driver of the sell-off was the rapid fading of the geopolitical risk premium. Trump said he had been informed that Iran’s actions during its crackdown on protests were easing and that there were no plans for mass executions, signaling a wait-and-see stance.

 

Trend Analysis:

On the H4 chart, we can see crude oil prices continue to retreat and are trading below the 48 hours moving average. Meanwhile, both the MACD double line and energy bars are expanding above the zero axis. The sell limit could be set, stop loss is mandatory.

 

Today's Key Price Levels:

Key Support Levels: [57.00]

Key Resistance Levels: [61.00]

Pivot Points [60.00]