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The GBPJPY resumes the rise – Forecast today – 10-5-2024

Economies.com
2024-05-10 07:07AM UTC

GBPJPY Pair Analysis

1. Expected Scenario

  • GBPJPY pair achieves positive close above 194.20 intraday obstacle.
  • Confirmation of surrender to previously suggested bullish bias.
  • First additional target reached at 195.10.
  • Positive momentum anticipated to resume rise towards 195.75 and 196.50 targets.
  • Importance of maintaining above 194.20 to avoid unexpected bearish correction.

2. Expected Trading Range

  • Anticipated trading range today: Between 194.70 support and 196.50 resistance.

Trend Forecast: Bullish

Platinum price presses on the barrier – Forecast today – 10-5-2024

Economies.com
2024-05-10 07:05AM UTC

Platinum Price Analysis

1. Expected Scenario

  • Platinum price benefits from stochastic attempts, gaining positive momentum.
  • Pressure expected to renew on $983.00 barrier to resume bullish attack.
  • Dependence on $963.00 level for additional support.
  • Confirmation awaited for breach to target new positive stations at $996.00 and $1015.00.

2. Expected Trading Range

  • Today's anticipated trading range: $965.00 support to $996.00 resistance.

Trend Forecast: Bullish

No news for copper price – Forecast today – 10-5-2024

Economies.com
2024-05-10 07:05AM UTC

Copper Price Analysis

1. Expected Scenario

  • No significant news impacting copper price stability within the bullish channel.
  • Strength of major resistance at $4.7000 delaying bullish momentum.
  • Correctional decline anticipated unless resistance is breached.
  • Accumulation of negative momentum crucial for decline towards $4.4200 and $4.3000.

2. Expected Trading Range

  • Anticipated trading range today: $4.6800 support to $4.4500 resistance.

Trend Forecast: Bearish

Ethereum price (ETHUSD) loses momentum – Forecast today - 10-05-2024

Economies.com
2024-05-10 03:57AM UTC

Ethereum (ETHUSD) Price Analysis

Expected Scenario

The Ethereum price shows some bullish bias to test the EMA50, but stochastic loses its positive momentum clearly. We wait for a motivation to resume the bearish wave targeting testing 2905.30$ initially, with further targets at 2800.00$ and 2623.80$.

Holding below 3132.80$ is important for the continuation of the expected decline. Breaching it will lead the price to attempt regaining the main bullish trend to head towards visiting 3360.31$ as a first target.

Expected Trading Range for Today

Between the support at 2900.00$ and the resistance at 3110.00$

Trend Forecast: Bearish

Frequently asked questions

What is the price of GBP/JPY today?

The price of GBP/JPY is $199.0690 (2025-07-28 09:25AM UTC)