Category: Forex News, News
The GBPCAD attempts to resume the rise– Forecast today – 21-5-2025
The GBPJPY pair remains affected by the contradiction between the main indicators, delaying the bullish rally, to continue providing sideways trading by its stability near 193.00, as the price remains stable above the main support at 191.20, so the bullish suggestion remains valid, to expect renewing the pressure on the obstacle at 194.60 in order to resume the bullish attack, and 195.30 level represents the next main target for the bullish trading.
The attempt of the moving average 55 to form extra support by its fluctuation near 192.00 makes us keep the bullish suggestion until reaching the mentioned targets.
The expected trading range for today is between 192.45 and 194.00
Trend forecast: Fluctuated within the bullish track.
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Written by : Editorial team of BIPNs
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