The USDJPY price attempts positively – Forecast today - 15-01-2025
The USDJPY price shows calm bullish bias to attempt to return to the intraday bullish channel, getting positive support by the EMA50, waiting to breach 158.65 to ease the mission of heading towards the next main target at 160.00.
Holding above 157.35 is important to the continuation of the expected rise, as breaking it represents the key to turn to decline and start bearish correction on the intraday basis.
The expected trading range for today is between 157.10 support and 158.75 resistance
Trend forecast: Bullish
The GBPUSD price within negative pattern - Forecast today - 15-01-2025
The GBPUSD price’s recent trades are confined within bearish pennant pattern that appears on the chart, thus, the price needs to break 1.2150$ to get negative motive that push the price to resume the main bearish trend, as we are waiting to target 1.2045$ as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2300$ and hold above it.
The expected trading range for today is between 1.2120$ support and 1.2270$ resistance
Trend forecast: Bearish
The EURUSD price attempts to recover – Forecast today - 15-01-2025
The EURUSD price provided additional positive trades yesterday to test the EMA50, noticing that stochastic continues to lose the positive momentum, which supports the chances of bouncing bearishly to resume the main bearish trend, waiting to break 1.0220$ level to confirm rallying towards 1.0100$ as a next main target.
Holding below 1.0325$ is important to the continuation of the expected decline, as breaching it will lead the price to achieve more gains that reach 1.0455$ as a next positive station.
The expected trading range for today is between 1.0210$ support and 1.0360$ resistance
Trend forecast: Bearish
Litecoin price suffers from negative pressures - Forecast today - 14-01-2025
Litexcoin’s currency price (LTCUSD) edged lower in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.
Therefore we expect the price to decline and target the important support at $86.70, provided the resistance of $117.43 holds on.
Trend forecast for today: Bearish