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The USDJPY price breaks the support – Forecast today - 05-02-2025
The USDJPY price trades with clear negativity by today’s open to break 153.75 and attempt to hold below it, to exit the sideways range and head towards achieving more bearish correction, targeting 152.55 as a next station, noting that breaking this level will extend the bearish wave to reach 151.05 as a next main target.
The negative pressure formed by the EMA50 supports the expected bearish trend, which will remain valid conditioned by the price stability below 153.75.
The expected trading range for today is between 152.50 support and 154.00 resistance
Trend forecast: Bearish
The GBPUSD price resumes the rise - Forecast today - 05-02-2025
The GBPUSD price provided clear positive trades yesterday to move away from 1.2415$, reinforcing the expectations of continuing the correctional bullish trend, which its next target located at 1.2605$.
The EMA50 supports the suggested bullish wave, noting that breaking 1.2415$ will stop the positive scenario and push the price to attempt to return to the main bearish track again.
The expected trading range for today is between 1.2400$ support and 1.2565$ resistance
Trend forecast: Bullish
The EURUSD price faces key resistance – Forecast today - 05-02-2025
The EURUSD price keeps rising to hit the broken neckline of the head and shoulders’ pattern that its signs appear on the chart, which turns into key resistance at 1.0385$, as the price needs to breach this level to confirm the continuation of the bullish wave that targets testing 1.0455$ as a next main station.
Until now, the bullish trend still suggested for the upcoming period conditioned by the price stability above 1.0325$, as breaking it represents the key to turn to decline and head to test the previously recorded low at 1.0220$.
The expected trading range for today is between 1.0300$ support and 1.0465$ resistance
Trend forecast: Bullish
End of day Ethereum price (ETHUSD) forecast update - 04-02-2025
Ethereum price (ETHUSD) returns to trade above 2764.75$, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, waiting to visit 3017.30$ as a first main target, noting that breaking 2764.75$ and holding below it will push the price to decline and it might head towards 2356.50$ on the near-term basis.