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The EURJPY is affected by the stability of the barrier– Forecast today – 22-5-2025
The EURJPY pair failed to confirm breaching the barrier at 163.35, which forces it to form a new bearish wave, to notice approaching from the support at 162.05, which forms a key line for detecting the main trend in the upcoming trading.
Note that stochastic exit from the oversold level and the stability above the current support, these factors make us keep the bullish suggestion, confirming that surpassing the barrier at 163.35 is important for opening the way for recording big gains that might extend to 164.00 and 164.80.
The expected trading range for today is between 162.00 and 163.35
Trend forecast: Bullish
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The GBPJPY is weak– Forecast today – 22-5-2025
The GBPJPY pair continued forming temporary negative trading, announcing its surrender to stochastic negativity, noticing by the above image its approach from the moving average 55, which attempts to form extra support near 192.10 level.
MorePlatinum price hits the resistance– Forecast today – 22-5-2025
Platinum price resumed the bullish rally to achieve the suggested target, to achieve the suggested target by hitting $1083.00 facing the resistance of the bullish channel that appears in the above image.
MoreCopper price delays the decline– Forecast today – 22-5-2025
Copper price confirmed delaying the decline in the current period, due to the continuation of providing positive momentum by the main indicators, attempting to surpass the initial barrier at $4.6600, recommend waiting for confirming the breach to reinforce the chances for forming a bullish rally then targeting some of the positive stations that begin at $4.7500 reaching 61.8%Fibonacci correction level at $4.8100.
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