Category: Forex News, News
The GBPJPY is without any new– Forecast today – 21-5-2025
Copper price lost its negative momentum, which forces it to form a new bearish trading, delaying the negative attack by its repeated stability above the extra support at $4.5000, reinforced by the stability of the moving average 55 above it as appears in the above image.
We expect the confinement of the trading between the mentioned support at $4.6600 level as barrier against activating the bullish track, therefore, we will stay aside until surpassing one of these level, which will detect the trend in the near period, note that breaching the barrier will provide chance for achieving some gains by its rally to $4.7500 reaching the resistance near $4.9100.
The expected trading range for today is between $4.5500 and $4.6600.
Trend forecast: Neutral
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Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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