EUR/GBP

Since the EUR/GBP found its range and yearly high on August 9th, 2019 at resistance level 0.93105 it has only two major pullbacks that can be noted. One pullback on October 10, 2019 right under resistance level 0.90422. Unable to break above a slight resistance level at 0.89849 the EUR/GBP continued its push to move lower. The EUR/GBP is currently in its second major pullback of 2019 at resistance level 0.85548. Leading into an uncertain 2020 the EUR/GBP must maintain above resistance level and yearly range low 0.84866. If the EUR/GBP can maintain above resistance level 0.82772 the EUR/GBP will move to stay within the 2019 range that has already been established. If the EUR/GBP is unable to maintain above resistance level 0.82772 the EUR/GBP will move to lower resistance levels. Since this is only the second major pullback a third and final pullback before market correction is expected to take place in January of 2020. Shown in chart A.

USD/JPY 

The USD/JPY has a very well established historical record of resistance levels and the significance of these resistance levels is shown. The USD/JPY has been stuck within a range since 2017 that it was not been able to move out of. Currently the USD/JPY is in a stint of low volatility leading into the 2020 year. Since august of 2019 the USD/JPY has steady been in an upward trend. If the USD/JPY is able to maintain above major resistance level 108.908 the USD/JPY will move to test resistance level 110.788. If sideways consolidation continues into the 2020 year an expected pullback and retest of resistance level 108.908 will ensues. Shown in chart B.

XAU/USD