Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

The GBPJPY touches the first target – Forecast today – 23-1-2025

Economies.com
2025-01-23 05:33AM UTC

The GBPJPY pair succeeded to confirm the bullish scenario yesterday by settling above 191.80 additional support, to notice forming strong bullish rally and achieve the first target at 192.90.

 

Stochastic continuous positive momentum will ease the mission of resuming the bullish attempts, to target 193.65 followed by reaching 194.20 resistance line, to face the MA55.

 

The expected trading range for today is between 192.50 and 193.65

 

Trend forecast: Bullish

Platinum price fails to breach the barrier – Forecast today – 23-1-2025

Economies.com
2025-01-23 05:32AM UTC

Platinum price failed to activate the bullish attack yesterday, affected by the MA55 that keeps forming additional barrier by settling near 955.00$, to notice forming some negative trades by fluctuating near 945.00$.

 

We expect to witness instability due to the continuous contradiction between the major indicators until achieving the required breach to manage to record new gains by rallying towards 983.00$ and 1005.00$ levels, noting that it is important to hold above 920.00$ support line to avoid any losses that might appear due to changing the bullish track.

 

The expected trading range for today is between 935.00$ and 955.00$

 

Trend forecast: Sideways

Copper price settles near the moving average – Forecast today – 23-1-2025

Economies.com
2025-01-23 05:32AM UTC

Copper price still lacks the positive momentum, to notice recent consolidation below 4.3300$ obstacle, to form some negative waves by settling near the MA55 now.

 

Note that stochastic reach to the oversold areas confirms the beginning of getting rid of the negative pressures, also, the stability above 4.1500$ support line allows us to wait to gather the positive momentum to ease the mission of surpassing the obstacle and reach the positive targets near 4.4400$ and 4.5300$.

 

The expected trading range for today is between 4.2000$ and 4.3300$

 

Trend forecast: Bullish

Ethereum price (ETHUSD) presses on the support – Forecast today - 23-01-2025

Economies.com
2025-01-23 04:18AM UTC

Ethereum price (ETHUSD) trades negatively to press on the key support 3222.00$, which urges caution from the upcoming trading, as breaking this level will put the price under additional negative pressure to achieve new bearish correction that targets 3017.30$ areas as a next station.

 

Stochastic shows positive signals that we are waiting to assist to push the price to rise again, noting that the next main target is located at 3425.50$.

 

The expected trading range for today is between 3100.00$ support and 3370.00$ resistance.

 

Trend forecast: Bullish