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The EURJPY fluctuates below the resistance – Forecast today – 24-1-2025

Economies.com
2025-01-24 06:32AM UTC

The EURJPY pair failed to record any new positive target due to the continuous fluctuation below the additional resistance at 163.25, to notice forming mixed trades now by crawling towards 161.90 followed by settling near the MA55.

 

We expect to confine trades between the mentioned resistance and the additional support at 161.80, to stay neutral and wait to surpass one of the mentioned levels to manage to detect the next near-term and medium-term trend.

 

The expected trading range for today is between 161.80 and 163.25

 

Trend forecast: Neutral

The GBPJPY touches the second target – Forecast today – 24-1-2025

Economies.com
2025-01-24 06:31AM UTC

The GBPJPY pair touched the second positive target at 193.65 this morning, to form sold obstacle against the bullish attempts and notice forming quick negative rebound to approach the additional support at 191.80.

 

The stability of the current support line allows us to keep the bullish overview, waiting to gather the positive momentum again to manage to renew the pressure on 193.65 level followed by attempting to test 194.30 resistance line.

 

The expected trading range for today is between 192.00 and 194.30

 

Trend forecast: Bullish

Platinum price jumps above the barrier – Forecast today – 24-1-2025

Economies.com
2025-01-24 06:30AM UTC

Platinum price stared today with strong positivity due to the rally above 955.00$ barrier, to hint its preparation to renew the bullish attempts again.

 

We assure the importance of providing positive close above the breached barrier to manage to react to stochastic positivity and target the positive stations by moving towards 983.00$ followed by 1005.00$ levels.

 

The expected trading range for today is between 950.00$ and 983.00$

 

Trend forecast: Bullish

Copper price renews the positive action – Forecast today – 24-1-2025

Economies.com
2025-01-24 06:29AM UTC

Copper price succeeded to hold above the MA55 at 4.2000$, to notice renewing the bullish attempts by rallying above 4.3300$ barrier, attempting to confirm the preparation to resume the previously suggested bullish attack.

 

Also, stochastic begins to provide the positive momentum to assist to confirm breaching the current barrier and open the way to record new gains that might extend towards 4.4400$ and 4.5300$ levels soon.

 

The expected trading range for today is between 4.2700$ and 4.4400$

 

Trend forecast: Bullish