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The GBPJPY loses the positive momentum – Forecast today – 17-2-2025

Economies.com
2025-02-17 05:23AM UTC

The GBPJPY pair lost the positive momentum recently, repeating the negative closings below 193.30 barrier to notice forming some negative waves and settling near the additional support at 190.80.

 

Note that facing continuous negative pressures might force the price to break the current support and suffer additional losses by moving towards 190.20 followed by repeating the pressure on 61.8% Fibonacci correction level at 189.70.

 

The expected trading range for today is between 190.20 and 192.00

 

Trend forecast: Bearish

Platinum price fluctuates within the bullish track – Forecast today – 17-2-2025

Economies.com
2025-02-17 05:22AM UTC

Platinum price lost the positive momentum on last Friday to provide mixed trades by approaching the minor bullish channel’s support line at 968.00$ followed by starting to form some bullish waves by rallying above 983.00$ again.

 

We assure the importance of gathering the additional positive momentum to reinforce the chances of activating the bullish rally and target many positive stations by rallying towards 1005.00 and 1018.00 levels, while facing new negative pressures and crawling below the current support will force it to suffer some losses by moving towards the MA55 near 958.00$.

 

The expected trading range for today is between 972.00$ and 1005.00$

 

Trend forecast: Bullish

Copper price is forced to decline – Forecast today – 17-2-2025

Economies.com
2025-02-17 05:22AM UTC

Copper price failed to resume the bullish attack after facing 4.8100$ barrier, to activate the correctional track by crawling towards 4.6200$ now.

 

The frequent stability below the mentioned barrier and stochastic attempt to provide the negative momentum support the domination of the correctional bias, to expect crawling towards 4.5600$ and 4.5200$ levels soon, while breaching the barrier will open the way to record new gains that might start at 4.8900$.

 

The expected trading range for today is between 4.5600$ and 4.7400$

 

Trend forecast: Bearish

Ethereum price (ETHUSD) needs negative motive – Forecast today - 17-02-2025

Economies.com
2025-02-17 04:19AM UTC

Ethereum price (ETHUSD) tested 2764.75$ again and bounced bearishly from there, to approach testing the minor support that appears on the chart, which is located at 2638.00$, and the price needs to break this level to confirm continuing the decline in the upcoming sessions.

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