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

The GBPUSD price is recovering - Forecast today - 04-02-2025

Economies.com
2025-02-04 03:59AM UTC

The GBPUSD price rallied upwards strongly yesterday to breach the bearish channel’s resistance line followed by breaching 1.2415$ level and settle above it, to stop the negative scenario and return to the correctional bullish track again, and we suggest the continuation of the bullish bias to visit 1.2605$ as a next positive target.

 

Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 1.2350$ will stop the bullish wave and push the price to return to the main bearish channel again.

 

The expected trading range for today is between 1.2350$ support and 1.2510$ resistance

 

Trend forecast: Bullish

The EURUSD price achieves clear gains – Forecast today - 04-02-2025

Economies.com
2025-02-04 03:58AM UTC

The EURUSD price continued to rise yesterday to close the daily candlestick above 1.0325$, to get positive motive that we expect to push the price to achieve more rise in the upcoming sessions, on its way to visit 1.0455$ as a next positive target.

 

Therefore, the bullish bias will be suggested for today, taking into consideration that failing to consolidate above 1.0325$ will put the price under the negative pressure again, to head towards testing 1.0220$ areas initially.

 

The expected trading range for today is between 1.0240$ support and 1.0410$ resistance

 

Trend forecast: Bullish

End of day Ethereum price (ETHUSD) forecast update - 03-02-2025

Economies.com
2025-02-03 15:56PM UTC

Ethereum price (ETHUSD) shows additional positive trades to reach 2764.75$ level now, to hint heading to recover and achieve more rise in the upcoming period, noting that breaching this level will extend the bullish wave to reach 3017.30$ as a next positive target, while consolidating against the current rally will push the price to rebound bearishly and visit 2356.50$ again.

End of day Bitcoin price (BTCUSD) forecast update - 03-02-2025

Economies.com
2025-02-03 15:56PM UTC

Bitcoin price (BTCUSD) traded with strong positivity to resume the main bullish track, approaching 100000.00$ barrier now, and the price needs to breach this level to confirm continuing the rise and achieving additional gains that reach 105000.00$ followed by 108350.00$, taking into consideration that the continuation of the bullish wave requires holding above 95195.00$.