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The GBPJPY fails to decline – Forecast today – 22-1-2025

Economies.com
2025-01-22 05:34AM UTC

The GBPJPY pair confirmed getting rid of the negative pressures after touching 190.50 level yesterday, to notice reacting to stochastic positivity by surpassing 191.80 barrier and attempt to cover more previously suffered losses by settling near 192.30.

 

Note that forming continuous support at 189.30 will confirm the price surrender to the bullish track on the near-term and medium-term basis, to expect rallying towards 192.90 soon followed by attempting to press on the additional resistance at 194.10.

 

The expected trading range for today is between 191.45 and 192.90

 

Trend forecast: Bullish

Platinum price tends to activate the bullish rally – Forecast today – 22-1-2025

Economies.com
2025-01-22 05:33AM UTC

Platinum price repeated the attempts to activate the bullish rally by approaching the MA55 that forms intraday obstacle at 955.00$, while the stability of 920.00$ support line and stochastic continuous positive momentum allow us to expect forming strong bullish waves now to manage to record the previously waited targets near 983.00$ and 1005.00$ levels.

 

The expected trading range for today is between 940.00$ and 965.00$

 

Trend forecast: Bullish

No news for copper price – Forecast today – 22-1-2025

Economies.com
2025-01-22 05:33AM UTC

The lack of the positive momentum led copper price to provide more sideways trades, to keep its stability above the MA55 that supports the stability of the additional support line at 4.2000$.

 

We recommend waiting to breach 4.3300$ obstacle to open the way to activate the bullish scenario, expecting to achieve many gains that might start at 4.4400$ and 4.5300$ levels.

 

The expected trading range for today is between 4.2500$ and 4.4400$

 

Trend forecast: Bullish

Ethereum price (ETHUSD) attempts positively – Forecast today - 22-01-2025

Economies.com
2025-01-22 04:25AM UTC

Ethereum price (ETHUSD) shows bullish bias after leaning on 3222.00$ level in the previous sessions, to keep the bullish trend scenario active on the intraday basis, waiting to gather positive momentum that assist to push the price to breach 3425.50$ and confirm rallying towards 3680.00$ as a next main target.

 

Holding above 3222.00$ is important to the continuation of the expected decline, as breaking it represents negative factor that will push the price to suffer additional losses that reach 3017.30$.

 

The expected trading range for today is between 3200.00$ support and 3460.00$ resistance.

 

Trend forecast: Bullish