The USDJPY price around the moving average – Forecast today - 14-01-2025
The USDJPY price hovers around the EMA50, and we still waiting to return to the bullish channel to confirm resuming the main bullish trend, and the price needs to beach 158.30 to reinforce the chances of heading towards our next positive target at 160.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that breaking 157.35 will put the price under correctional bearish pressure on the intraday basis and stop the expected bullish trend.
The expected trading range for today is between 156.90 support and 158.50 resistance
Trend forecast: Bullish
The GBPUSD price keeps achieving the negative target - Forecast today - 14-01-2025
The GBPUSD price managed to achieve our extended target at 1.2115$, noticing that the price bounced upwards clearly to reach 1.2250$ areas, while the overall bearish trend still suggested for the upcoming period as long as 1.2300$ level remains intact, as breaching this level will lead the price to achieve more gains and head to test the bearish channel’s resistance line around 1.2510$.
Now, the price needs to break 1.2180$ to reinforce the chances of resuming the bearish wave that its next main target reaches 1.2045$.
The expected trading range for today is between 1.2120$ support and 1.2290$ resistance
Trend forecast: Bearish
The EURUSD price faces solid support – Forecast today - 14-01-2025
The EURUSD price couldn’t manage to hold for long time below 1.0220$, to trade positively and attempts to recover, noticing that the EMA50 forms negative pressure that prevents the price from achieving more rise, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to suggest the return to decline in the upcoming sessions, waiting to confirm breaking 1.0220$ to open the way to head towards 1.0100$ as a next main target, noting that breaching 1.0325$ will stop the bearish wave and lead the price to start bullish correction on the intraday basis.
The expected trading range for today is between 1.0165$ support and 1.0320$ resistance
Trend forecast: Bearish
Update: Ethereum price (ETHUSD) touches the extended target
Ethereum price (ETHUSD) traded with strong negativity to succeed achieving our waited target at 3017.30$, noticing that the price attempted to break it to hint heading to achieve more expected decline in the upcoming period, noting that confirming the break will push the price towards 2765.00$ as a next negative target, while the expected decline will remain valid unless breaching 3222.00$ and holding above it.