The GBPJPY needs to confirm the break– Forecast today – 7-5-2025
The GBPJPY pair provided new negative trading, attempting to break the support of the sideways triangle at 190.85 level, but it bounced again towards 191.10, keeping its stability below the moving average 55.
While providing negative momentum by stochastic approach from 20 level makes us wait for confirming breaking the current support, which allows it to activate the negative attack, which might target 189.90 level reaching the next target at 189.20.
The expected trading range for today is between 189.90 and 191.50
Trend forecast: Bearish
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Platinum price attacks the barrier– Forecast today – 7-5-2025
Platinum price faced strong positive pressures, forming some of the bullish waves, to notice attacking the barrier at $983.00, attempting to regain the bullish bias.
Despite the positive momentum that comes from the main indicators, we confirm that providing a new close above the current barrier is important to confirm its readiness to record several gains by its rally to $1000.00, pressing on 61.8%Fibonacci correction level at $1017.00.
The expected trading range for today is between $974.00 and $1000.00
Trend forecast: Bullish
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Copper price attempts to keep the positivity– Forecast today – 7-5-2025
Copper price reached the initial positive target by reaching $4.7400 level, which forces it to form sideways fluctuated moves, waiting for the extra positive momentum from the main indicators, to confirm renewing the bullish attempts.
Reminding you that the stability of the moving average 55 near the initial support at $4.5400 level supports the attempts of renewing the bullish attempts, which might target $4.8200 level, then attempts to press on the barrier at $4.9000.
The expected trading range for today is between $4.6000 and $4.8100
Trend forecast: Bullish
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(GBPUSD) attempts to gain positive momentum -Analysis-07-05-2025
The (GBPUSD) price declined in its recent intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, and attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from it.
This performance came amid the main bullish trend on the short-term basis and its trading alongside a bias line, to lean on the support of EMA50 in its recent trading, which supported it to rebound higher a little.
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