The GBPJPY gathers its srength– Forecast today – 5-6-2025
The GBPJPY pair returned to fluctuated below 194.55 level, forming some of the intraday bearish waves, attempting to gather the required positive momentum to reach the main positive stations that are located near 195.70 reaching 196.45.
Depending on forming an important support by the moving average 55 reach to 192.40, to confirm the confinement of the trading within the bullish track, to increase the chances for reaching the suggested targets, while the decline below this support will cancel the bullish suggestion in the current trading, to expect suffering new losses by reaching 191.65 reaching 38.2%Fibonacci correction level at 190.90.
The expected trading range for today is between 193.00 and 195.70
Trend forecast: Bullish
Platinum price hovers near the initial target– Forecast today – 5-6-2025
Platinum price formed more bullish waves yesterday, to approach from the initial target at $1100.00 that represents a strong obstacle against the bullish attempts.
The unionism of the main indicators in providing positive momentum, besides the repeated stability above the support at $1055.00, we expect surpassing the current obstacle, to target more of the positive stations by its rally directly to $1125 reaching the next main target at $1060.00.
The expected trading range for today is between $1080.00 and $1125.00
Trend forecast: Bullish
Copper price attempts to confirm the positivity– Forecast today – 5-6-2025
Copper price kept its fluctuation above $61.8%Fibonacci correction level at $4.8100, attempting to reinforce the chances for resuming the bullish attack, note that surpassing $4.8900 level to surpass any obstacle and begin recording the positive targets by its rally at $4.9600 and $5.0300.
Stochastic approach from 80 level will increase the chances for gathering the required positive momentum to reach the suggested bullish stations.
The expected trading range for today is between $4.8000 and $4.9600
Trend forecast: Bullish
Ethereum (ETHUSD) shows more positive signs -Analysis-05-06-2025
The (ETHUSD) price rose in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a minor bias line, besides the reach of the (RSI) indicators to oversold levels, exaggeratedly compared to the price move, suggesting the beginning of forming a positive divergence, especially that the positive signals begin to appear currently.