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

The GBPUSD forecast update 20-01-2025

Economies.com
2025-01-20 14:20PM UTC

The GBPUSD price trades with clear positivity to test the key resistance 1.2300$ now, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend valid for the upcoming period, which its first main target located at 1.2100$.

The EURUSD price forecast update - 20-01-2025

Economies.com
2025-01-20 14:20PM UTC

The EURUSD rallied upwards strongly to breach 1.0325$ level and settle above it, to pave the way to start bullish correction for the decline that started from 1.1208$ areas, noting that the first correctional target is located at 1.0455$, while breaking 1.0325$ and trading below it again will reactivate the negative scenario that its first target located at 1.0220$.

Ethereum price (ETHUSD) forecast update - 20-01-2025

Economies.com
2025-01-20 09:03AM UTC

Ethereum price (ETHUSD) touched 3425.50$ level and attempts to breach it, waiting for more to achieve new positive targets that extend to 3500.00$ followed by 3680.00$, to continue suggesting the bullish trend for the upcoming period unless breaking 3222.00$ and holding below it.

 

The expected trading range for today is between 3140.00$ support and 3425.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) forecast update - 20-01-2025

Economies.com
2025-01-20 09:03AM UTC

Bitcoin price (BTCUSD) rallied upwards sharply to succeed touching our waited target at 108350.45$ and approached 110000.00$ barrier, and the way seems open to continue the rise to achieve additional gains that extend to 112000.00$, noting that breaking 104900.00$ will put the price under negative pressure to head towards testing key support levels that start at 98930.00$.

 

The expected trading range for today is between 106500.00$ support and 111000.00$ resistance.

 

Trend forecast: Bullish