# ?? FX Market Update for January 9, 2025: Dollar Continues to Strengthen ?? ## ?? Major Currency Pair Analysis

### EUR/USD ??

- Downward trend continues, latest price at 1.0299

- Support levels: 1.0275, 1.0175

- Resistance levels: 1.0405, 1.0515

- Potential test of 1.0000 level in Q1/2025

### GBP/USD ??

- Broke through 1.2560 support this week

- Next support: 1.2380

- Short-term recovery possible if it holds above 1.2380

### USD/JPY ??

- Current price: 158.39

- Heading towards resistance at 158.65

- May fall to 153.65 if breaks below 156.05

### USD/CHF ??

- Trading range: 0.9000-0.9150

- Key resistance at 0.9150 (May 2023 high)

- Must maintain above 0.9000 to preserve uptrend

### USD/CAD ??

- Consolidating after 500 pips rally

- Support levels: 1.4380, 1.4340

- Q1/2025 target: 1.4670

## ?? Key Points to Watch

- Dollar Index (DXY) likely to strengthen further, may reach 110.50-111.00

- Watch BOJ meeting (Jan 23-24) as Japanese wages hit 32-year high ??

Analysis by: Beam ???♂?