The EURGBP confirms the positivity – Forecast today – 17-1-2025
The EURGBP price confirmed its surrender to the domination of the bullish bias by testing the additional support 0.8400 and hold above it, forming new bullish rally this morning to record 0.8453 level.
Stochastic current fluctuation below 80 level might force the price to provide temporary sideways fluctuation until gathering the positive momentum to manage to attack 0.8465 barrier and achieve the required breach to succeed to record additional gains by rallying towards 0.8490 followed by 0.8525 levels.
The expected trading range for today is between 0.8400 and 0.8465
Trend forecast: Bullish
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The EURJPY provides new negative signal – Forecast today – 17-1-2025
The EURJPY pair ended yesterday by providing negative close below 160.15 level, to provide new negative signal that allows us to suggest more negative attempts to target 159.10 followed by reaching 157.85 on the medium-term basis.
Also, 160.85 level forms additional barrier, and the major indicators continue to provide the negative momentum, to support the negative overview and wait to touch the previously suggested negative stations.
The expected trading range for today is between 159.10 and 160.70
Trend forecast: Bearish
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The GBPJPY approaches the target – Forecast today – 17-1-2025
The GBPJPY pair continued to form negative trades since yesterday, to notice approaching the target at 189.30 that forms the key to confirm the continuation of the negativity for the upcoming period.
Note that getting continuous negative momentum by the major indicators will ease the mission to break the current obstacle, to keep our bearish overview to target 188.10 level followed by reaching the major support at 186.90, while breaching 191.40 will postpone the decline and form correctional bullish trades on the near-term and medium-term basis.
The expected trading range for today is between 188.10 and 190.70
Trend forecast: Bearish
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Platinum price is weak – Forecast today – 17-1-2025
Platinum price failed to gather the positive momentum until this morning to continue fluctuating near the additional support at 933.00$, reminding you that it is important to settle above 920.00$ now to reinforce the chances of renewing the bullish attempts and reach the positive stations near 955.00$ and 983.00$.
Stochastic reach to the oversold areas confirms the beginning of getting rid of the negative pressures, to provide the chance to gather the positive momentum and start targeting the mentioned positive stations.
The expected trading range for today is between 930.00$ and 955.00$
Trend forecast: Bullish
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