The GBPJPY settles below the moving average– Forecast today – 30-4-2025
The GBPJPY pair remains affected by the negativity on the moving average 55 by forming an extra barrier at 191.55, which forces it to provide more of the sideways trading, to fluctuate near the support at 190.50.
Noting that stochastic exit from the overbought level might increase the negative pressures, which forces the price to break the current support, to confirm its return to the bearish track, to suffer several losses by reaching 189.70 and 188.60, while confirming the bullish scenario needs a clear breach to 191.55, and holding above it to begin achieving gains, which might be near 192.40 reaching 193.15.
The expected trading range for today is between 190.50 and 191.55
Trend forecast: Sideways
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Platinum price returns to the sideways trading– Forecast today – 30-4-2025
Platinum price returned to the sideways trading due to its decline below $983.00, affected by the contradiction between the main indicators, especially stochastic exit from the overbought level, which forces it to decline towards $975.00.
Note that forming lower top that the previous tops reinforces forming a new bearish track, to expect attacking the moving average 55 at $961.00, then attempts to press on the extra support at $950.00, while providing a positive close above $1000.00 level will confirm its move to the bullish track again.
The expected trading range for today is between $961.00 and $990.00
Trend forecast: Bearish
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Copper price moves away from the obstacle– Forecast today – 30-4-2025
Copper price provided new negative close near $4.7500 level, to confirm the continuation of the suggested bearish scenario, depending on the stability below the barrier at $4.9100, despite the continuation of the previously main indicators contradiction, remains valid to keep waiting for reaching 50%Fibonacci correction level at $4.6600, and breaking it will lead the price to provide strong pressures on the moving average55 near $4.5400.
The expected trading range for today is between $4.6600 and $4.8400
Trend forecast: Bearish
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GBPUSD attempts to gain positive momentum -Analysis-30-04-2025
The (GBPUSD) price witnessed calm downside moves in its last trading on the intraday levels, affected by the stability of the critical resistance at 1.3420, and the main overview remains prefer the positivity, especially with the stability of the price above EMA50, which reinforces the chances for a bullish rebound any moment, to attempt to gain positive momentum that might assist it to breach this resistance.
The continuation of the trading alongside a bullish bias line on the short-term basis, besides the emergence of the positive signals on the (RSI), suggesting a potential regain for the positive momentum, which increases the possibilities from breaching the mentioned resistance.
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