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The EURJPY provides new negative signal – Forecast today – 17-1-2025

Economies.com
2025-01-17 08:42AM UTC

The EURJPY pair ended yesterday by providing negative close below 160.15 level, to provide new negative signal that allows us to suggest more negative attempts to target 159.10 followed by reaching 157.85 on the medium-term basis.

 

Also, 160.85 level forms additional barrier, and the major indicators continue to provide the negative momentum, to support the negative overview and wait to touch the previously suggested negative stations.

 

The expected trading range for today is between 159.10 and 160.70

 

Trend forecast: Bearish

The GBPJPY approaches the target – Forecast today – 17-1-2025

Economies.com
2025-01-17 08:42AM UTC

The GBPJPY pair continued to form negative trades since yesterday, to notice approaching the target at 189.30 that forms the key to confirm the continuation of the negativity for the upcoming period.

 

Note that getting continuous negative momentum by the major indicators will ease the mission to break the current obstacle, to keep our bearish overview to target 188.10 level followed by reaching the major support at 186.90, while breaching 191.40 will postpone the decline and form correctional bullish trades on the near-term and medium-term basis.

 

The expected trading range for today is between 188.10 and 190.70

 

Trend forecast: Bearish

Platinum price is weak – Forecast today – 17-1-2025

Economies.com
2025-01-17 08:41AM UTC

Platinum price failed to gather the positive momentum until this morning to continue fluctuating near the additional support at 933.00$, reminding you that it is important to settle above 920.00$ now to reinforce the chances of renewing the bullish attempts and reach the positive stations near 955.00$ and 983.00$.

 

Stochastic reach to the oversold areas confirms the beginning of getting rid of the negative pressures, to provide the chance to gather the positive momentum and start targeting the mentioned positive stations.

 

The expected trading range for today is between 930.00$ and 955.00$

 

Trend forecast: Bullish

Copper price continues to rise – Forecast today – 17-1-2025

Economies.com
2025-01-17 08:40AM UTC

Copper price confirmed the positive stability above 4.3300$ level, taking advantage of the major indicators that provide the positive momentum to form new bullish wave this morning and settle near 4.4400$.

 

We expect to renew the bullish rally today to target 50% Fibonacci correction level at 4.5300$, while crawling below 4.3300$ again might force it to postpone the rise and provide some correctional trades by targeting the MA55 at 4.2000$.

 

The expected trading range for today is between 4.3300$ and 4.5300$

 

Trend forecast: Bullish

Frequently asked questions

What is the price of EUR/JPY today?

The price of EUR/JPY is $170.0499 (2025-07-04 06:05AM UTC)