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The USDJPY price begins with clear positivity – Forecast today - 12-02-2025
The USDJPY price opened today’s trading with strong rise to breach 152.55 level and approach the key resistance at 153.75, which represents the meeting point between the broken neckline of the double top pattern that appears on the chart with 50% Fibonacci correction level, thus, the price might face strong resistance there that force it to decline again.
Now, we prefer to stay aside temporarily until the price confirms its situation according to 153.75 level, noting that consolidating below it will push the price to resume the bearish wave that its targets begin at 152.55 and extend to 151.05, while breaching it represents the key to achieve more gains and attempt to return to the main bullish track again.
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The GBPUSD price resumes the bullish correction - Forecast today - 12-02-2025
The GBPUSD price breached 1.2415$ level clearly and ended yesterday above it, to head towards resuming the correctional bullish trend, organized inside the bullish channel that appears on the chart, getting positive support by the EMA50.
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The EURUSD price breaches the resistance – Forecast today - 12-02-2025
The EURUSD price ended yesterday above 1.0325$ level, to head towards achieving more expected gains in the upcoming sessions, on its way to visit 1.0455$ as a next main station.
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Hedera price tries to vent off oversold saturation - Forecast today - 11-02-2025
Hedera’s currency price (HBARUSDT) rose in the intraday levels, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI with positive signals coming out of it, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA.
Therefore we expect the price to return lower, targeting the support of $6.928, provided it settles firmly below the resistance of $9.818.
Trend forecast for today: Likely Bearish