The GBPJPY take advantage of the support’s stability– Forecast today – 1-5-2025
The GBPJPY pair took advantage of the support stability at 190.50, to begin today’s trading with a strong positivity, to surpass the extra barrier at 191.55 and settle above the moving average 55, to increase the chances for renewing the bullish attempts.
Stochastic attempt to provide extra positive momentum makes us prefer targeting 192.55 level, and surpassing it might extend the gains in the current period to 193.15 and 193.90.
The expected trading range for today is between 191.55 and 193.15
Trend forecast: Bullish
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Platinum price activates the negative scenario– Forecast today – 1-5-2025
Platinum price provided a new negative close below the barrier at $983.00 level, announcing its surrender to the suggested bearish scenario, by reaching below the moving average 55 and its stability near $956.00, recording the initial suggested negative targets.
Providing negative momentum by stochastic will increase the chances for attacking obstacle at $950.00, and breaking it is important for opening the way towards the extra stations that might begin at $938.00 and $929.00.
The expected trading range for today is between $938.00 and $975.00
Trend forecast: Bearish
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Copper price hits the negative targets– Forecast today – 1-5-2025
Copper price activated the negative attack, achieving some of the negative targets by hitting $4.4560, to bounce to settle near the moving average 55 at the $4.5600 level, attempting to gather more of the negative momentum in the current period trading.
Forming extra barrier at 50% Fibonacci correction level at $4.6600, increasing the chances for resuming the negative scenario, to repeat the pressure on $4.4500 level, and breaking it might extend the losses towards $4.3100, to form the next main target for the negative trading.
The expected trading range for today is between $4.3100 and $4.6100
Trend forecast: Bearish
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GBPUSD suffers from negative pressure -Analysis-01-05-2025
The GBPUSD declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), which caused the loss of the previous positive momentum, and that led it to break a minor bullish bias line that represents a dynamic support for the price of recent trading.
The pressure increased with surpassing the support of EMA50, which is considered as an extra confirmation for the weakness of the previous bullish trend, and the price move to a clear correctional station that threatens for more downside moves, especially after losing technical support that might limit the negative momentum.
Therefore, our expectations suggest more of the downside movement for the GBPUSD price in its upcoming intraday trading, if the price settles below 1.3345, to target the critical support at 1.3230.
The expected trading range is between 1.3270 support and 1.3365 resistance.
Today’s forecast: Bearish
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