The GBPJPY moves away from the resistance– Forecast today – 5-5-2025
The GBPJPY pair surrendered to the stability of the resistance at 193.75, forming several waves, to notice strong pressures on the moving average 55 near 191.60, achieving the suggested negative targets.
Note that stochastic exit from the overbought level and providing negative momentum might force the price to keep forming bearish waves to reach near the support of the sideways triangle at 190.70, to find an exit to resume the negative attack in the upcoming period trading.
The expected trading range for today is between 190.70 and 192.25
Trend forecast: Bearish
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Platinum price keeps the negative stability appr– Forecast today – 5-5-2025
Platinum price approached the initial negative target in its last trading at $950.00, confirming its surrender to the bearish scenario that depends on forming a main barrier at $983.00 level against the current trading.
Gathering negative momentum is important to ease breaking $950.00 level, opening the way towards the extra negative stations, which might begin at $938.00 reaching the next support at $920.00
The expected trading range for today is between $938.00 and $975.00
Trend forecast: Bearish
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Copper price is confined within tight range– Forecast today – 5-5-2025
No change on Copper price’s temporary sideways trading, due to its confinement between the extra barrier at $4.6600, while the moving average 55 keeps forming a new support by its fluctuation near $4.5400, and stochastic attempt to provide positive momentum might assist delaying the negative trading in the current trading, to increase the chances for compensating the previous losses, by its rally above the current barrier and targeting 61.8%Fibonacci correction level at $4.8200.
Reaching below the support and providing a negative close will support the continuation of the suggested negativity, reminding you that the negative stations stability near $4.4500 and $4.3100 level.
The expected trading range for today is between $4.5300 and $4.6600
Trend forecast: Sideways
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GBPUSD rises carefully -Analysis-05-05-2025
The (GBPUSD) price rose on its intraday last trading, attempting to recover some of its previous losses, amid the dominance bearish correctional trend on the short-term basis and its trading alongside bias line, with the continuation of the negative pressure from its trading below EMA50, accompanied by the emergence of the negative signals on the (RSI), after reaching overbought levels previously.
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