|
The GBPJPY gets advantage from the stability of the moving average 55– Forecast today – 23-5-2025
The GBPJPY pair succeeded to surpass the negative pressures after facing the moving average 55, which formed extra support at 192.10, forming some bullish waves and its stability near 193.30 to increase the chances for activating the previously waited bullish attack.
By the above image, we notice stochastic rally above 20 level, to reinforce the chances for gaining the positive momentum, to keep our bullish expectations to target 194.60 level.
The expected trading range for today is between 192.60 and 194.60
Trend forecast: Bullish
Platinum price resumes the rise– Forecast today – 23-5-2025
Platinum price succeeded to surpass the resistance at $1083.00 level this morning, to confirm its move to a new positive station, recording some of the gains by hitting $1095.00 level.
MoreCopper price prefer the positivity– Forecast today – 23-5-2025
Copper price began today’s trading with a new positivity by surpassing the barrier at $4.6600, announcing its readiness to activate the bullish track in the current period, the unionism of providing positive momentum by the main indicators will reinforce the chances for achieving several gains, to reach the initial target at $4.7500, to press on 61.8% Fibonacci correction level at $4.8100.
MoreETHUSD attacks critical resistance -Analysis-23-05-2025
The (ETHUSD) price jumped higher in its last intraday trading, attacking the critical resistance level at $2,730, amid the dominance of the main bullish trend on the short-term basis and its trading alongside bias line, with the continuation of the positive support that comes from its trading above its EMA50, this came after the price success in offloading some of its clear overbought conditions on the (RSI), which opens the way towards achieving more of the rises.
More