The GBPJPY is under the negative pressure – Forecast today – 6-5-2025
Despite the stability of the GBPJPY pair above the sideways triangle’s support at 190.85, but the continuation of the main indicators’ negative momentum, as the moving average 55 forms an extra barrier at 191.70, besides stochastic reach to 50 level, these factors support the chances for activating the negative attack, to expect reaching near 189.90, breaking this obstacle will extend the losses directly to 189.20 and 188.60.
While regaining the bullish bias requires forming strong bullish waves, to breach the resistance at 193.35, to confirm its readiness to achieve new gains that might begin at 194.60.
The expected trading range for today is between 189.90 and 191.75
Trend forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Platinum price without any news– Forecast today – 6-5-2025
Platinum price remains affected by the contradiction between the main indicators, which forces it to delay the negative attack by its repeated fluctuation above the extra support at $950.00, achieving some gains by reaching $973.00.
Reminding you that the stability of the price below $983.00 level, will increase the chances for renewing the negative trading in the current trading, to keep waiting for attacking the support at $950.00, while surpassing the barrier will cancel the negative suggestion, to open the way towards activating the bullish rally, which might target $1000.00 level initially.
The expected trading range for today is between $950.00 and $983.00
Trend forecast: Fluctuated within the bearish track
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Copper price activates positively– Forecast today – 6-5-2025
Copper price began activating with the positivity of the main indicators, forming some of the bullish waves, to settle above $4.660 level, attempting to regain the bullish attempts, and the stability of the moving average 55 near the support at $4.5400 reinforces the chances for targeting positive stations, to wait to reach $4.7300, then repeating the pressure on %61.8 Fibonacci correction level near $4.8200.
Noting that reaching below the mentioned support and providing negative closes below it, will assist to confirm the negative scenario again, to expect suffering several losses by reaching $4.4500 and $4.3100.
The expected trading range for today is between $4.5900 and $4.7300
Trend forecast: Bullish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
The (GBPUSD) suffers negative pressures -Analysis-06-05-2025
The (GBPUSD) declined in its recent intraday trading, where it keeps moving within a bearish correctional wave on the short-term basis, trading alongside the bias line, with the continuation of the technical pressures that come from its trading below EMA50, the pressures increase with the continuation of the negative signals on the (RSI), reinforcing the possibilities for the continuation of the decline in the upcoming trading.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.