The USDJPY price awaits confirmation signal – Forecast today - 29-01-2025
The USDJPY price still stuck between the trend confirmation levels represented by 154.96 support and 156.45 resistance, which keeps our neutrality valid until now, waiting to surpass one of these levels to detect the next destination clearly.
To review the details of the expected targets after the breach, please check our previously report for the USDJPY price.
The expected trading range for today is between 154.80 support and 156.40 resistance
Trend forecast: Neutral
The GBPUSD price tests the support base - Forecast today - 29-01-2025
The GBPUSD price tested 1.2415$ level and begins to rebound bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, reminding you that the next target is located at 1.2609$.
On the other hand, we should note that breaking 1.2415$ will stop the bullish wave and push the price back to the main bearish track again.
The expected trading range for today is between 1.2375$ support and 1.2525$ resistance
Trend forecast: Bullish
The EURUSD price is stable – Forecast today - 29-01-2025
The tight range keeps dominating the EURUSD price trades, which keeps the bearish trend scenario valid as it is without any change for the upcoming period, waiting to visit 1.0325$ as a next main target.
Holding below 1.0455$ is important to the continuation of the expected decline, as breaching it represents the key to resume the bullish correction and achieve additional gains that reach 1.0600$.
The expected trading range for today is between 1.0350$ support and 1.0500$ resistance
Trend forecast: Bearish
Ripple price starts recovering - Forecast today - 28-01-2025
Ripple’s currency price (XRPUSD) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending the price positive momentum, and turning early losses into gains, while leaning on the upward secondary trend line in the short term, with positive signals from the RSI after reaching oversold levels compared to the price’s movements, hinting at positive divergence.
Therefore we expect more gains for the price, targeting the pivotal resistance of $3.3999, provided the support of $2.5073 holds on.
Trend forecast for today: Bullish