Category: Forex News, News
The EURJPY hits the moving average– Forecast today – 17-4-2025
The GBPJPY pair activated the negative attack in yesterday’s trading, achieving the initial negative target by hitting 187.55 level, then it rebounded to settle above 38.2%Fibonacci correction level at 188.00, to gather the required negative momentum to confirm the continuation of the bearish trend in the upcoming trading.
In general, the bearish scenario would remain valid if the trading settled below the main resistance at 189.90, as confirming breaking 188.00 level makes us expect targeting new negative stations, and 186.50 level represents the next target for the negative trading, while the attempt of breaching the mentioned resistance will cancel the bearish suggestion in the near trading, as there is a chance for achieving some gains by the price rally towards 190.50 initially.
The expected trading range for today is between 186.50 and 189.20
Trend forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
- Full coverage of commodities such as gold, oil, silver, and more
- Full coverage of all major forex currency pairs
- Full coverage of key global indices and stocks
- Full coverage of major cryptocurrencies and meme coins
- Accurate analysis and daily updated price forecasts
- Exclusive and breaking news
- Reliable trading ranges for effective risk management
- Comprehensive educational materials, competitions and prizes!
- Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
Share this article: