Category: Forex News, News
The EURJPY confirms the breach– Forecast today – 2-5-2025
Copper price surrendered to the positivity of the moving average55, which represents extra support near $4.5400, to begin recovering some of the losses by its current rally towards $4.6300, this rebound will not threat the negative track, due to the main stability below the resistance at $4.9100, besides 50% Fibonacci correction level attempt to form an extra barrier at $4.6600.
And that makes us wait for gathering negative momentum to ease the mission of holding below the moving average 55, then targeting more negative stations by reaching $4.4500 reaching the next main target at $4.3100.
The expected trading range for today is between $4.6600 and $4.4500
Trend forecast: Bearish
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Written by : Editorial team of BIPNs
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