Category: Forex News, News
The EURGBP tests an important support– Forecast today – 27-5-2025
The GBPJPY pair trading is weak, but the repeated stability above the moving average 55 at 192.25 and stochastic attempt to provide positive momentum, represent factors makes us keep the bullish suggestion, which might target the barrier at 194.60 initially, and surpassing it will make 195.65 be the next main target for the bullish trading.
Note that the risk of changing the bullish trend is represented by forming a strong decline, to settle below the main support at 191.30, which forces it to suffer big losses that might begin at 190.35.
The expected trading range for today is between 192.60 and 194.60
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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