Coffee price hits the target – Forecast today – 30-1-2025
Coffee price continued to form bullish waves recently, taking advantage of its consolidation within the bullish channel and 347.10 level forming new support line, to notice achieving the first main target at 367.80.
We expect the domination of the sideways bias to provide mixed waves until breaching 367.80 to open the way to record new historical gains that might extend towards 376.00 followed by reaching the bullish channel’s support line at 383.20.
The expected trading range for today is between 355.00 and 376.00
Trend forecast: Bullish
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Natural gas price fluctuates below the moving average – Forecast today – 30-1-2025
Natural gas price formed temporary correctional bullish wave yesterday to fluctuate above 50% Fibonacci correction level at 3.130$, attempting to cover some previous losses to settle near 3.200$.
Note that the MA55 continues to form additional barrier at 3.260$, along with stochastic consolidation within the oversold areas, these factors support the domination of the bearish bias for the near-term and medium-term period, to keep waiting to form new negative waves and target 2.970$ followed by 2.840$ levels.
The expected trading range for today is between 2.970$ and 3.200$
Trend forecast: Bearish
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The EURJPY is forced to decline – Forecast today – 30-1-2025
The EURJPY pair surrendered to stochastic negativity yesterday, forming new negative waves to crawl below the sideways track’s support line at 161.60, to notice resuming the negative attempts this morning and settling near 160.80.
Now, the major indicators provide the negative momentum to increase the sharpness of the bearish track, to expect suffering additional losses by crawling below 160.90 level again and targeting the additional support at 160.20.
The expected trading range for today is between 160.20 and 162.10
Trend forecast: Bearish
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The GBPJPY repeats testing the support – Forecast today – 30-1-2025
The GBPJPY pair continued to form mixed trades yesterday, to notice renewing testing 191.90 support line and settling above it in order to reinforce the chances of renewing the bullish attempts and reach 193.60 level soon, followed by attempting to press on 194.30 resistance line.
On the other hand, facing continuous negative pressures and crawling below the current support will force the price to provide new negative trades to suffer more losses by moving towards 190.85 followed by reaching the next support at 189.50.
The expected trading range for today is between 192.00 and 194.30
Trend forecast: Bullish
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