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The GBPJPY repeats testing the support – Forecast today – 30-1-2025

Economies.com
2025-01-30 05:15AM UTC

The GBPJPY pair continued to form mixed trades yesterday, to notice renewing testing 191.90 support line and settling above it in order to reinforce the chances of renewing the bullish attempts and reach 193.60 level soon, followed by attempting to press on 194.30 resistance line.

 

On the other hand, facing continuous negative pressures and crawling below the current support will force the price to provide new negative trades to suffer more losses by moving towards 190.85 followed by reaching the next support at 189.50.

 

The expected trading range for today is between 192.00 and 194.30

 

Trend forecast: Bullish

Platinum price renews the positive action – Forecast today – 30-1-2025

Economies.com
2025-01-30 05:14AM UTC

Platinum price succeeded to get rid of the negative pressures by gaining the additional positive momentum, forming new bullish rally to surpass 955.00$ barrier and settle above the MA55 as appears on the chart.

 

The continuous stability above the breached barrier allows us to suggest the bullish track again, to expect moving towards 972.00$ soon, followed by attempting to press on 50% Fibonacci correction level at 983.00$ in order to find a way to resume the rise in the upcoming period.

 

The expected trading range for today is between 945.00$ and 972.00$

 

Trend forecast: Bullish

Copper price holds above the support – Forecast today – 30-1-2025

Economies.com
2025-01-30 05:14AM UTC

Copper price ended the negative rebound by holding above the additional support 4.1500$, to start reacting to stochastic positivity and notice rallying above the MA55 and settling near 4.2500$.

 

The major indicators attempt to provide the positive momentum, which increases the chances of renewing the bullish attempts, to expect targeting 4.3300$ barrier soon, while surpassing it will push the price to record additional gains by rallying towards 4.4400$ and 4.5300$ levels.

 

The expected trading range for today is between 4.2000$ and 4.4400$

 

Trend forecast: Bullish

Ethereum price (ETHUSD) awaits confirmation signal – Forecast today - 30-01-2025

Economies.com
2025-01-30 04:01AM UTC

Ethereum price (ETHUSD) still confined between 3017.30$ support and 3222.00$ resistance, which makes us continue with our neutrality until now, waiting to breach one of these levels to detect the next targets clearly.

 

We remind you that breaching the resistance will push the price to recover and achieve gains that start at 3335.00$ followed by 3425.50$, while breaking the support represents negative factor that will push the price to resume the bearish trend within the bearish channel that appears on the chart, to head towards visiting 2765.00$ areas on the near-term basis.

 

The expected trading range for today is between 3020.00$ support and 3335.00$ resistance.

 

Trend forecast: Neutral