Category: Forex News, News
Forecast update for Brent crude oil -27-05-2025
The EURJPY pair provided a new positive close above the support at 161.90, which gets its strength from the stability of the moving average 55, to support the chances for activating the bullish attack again, so the continuation of gathering the positive momentum will allow it to reach the barrier at 163.35, and breaching it will open the way for recording big gains that might extend to 164.00 and 164.80.
While reaching below the current support and providing a negative close, will force it to form sharp bearish waves due to its return to settle within the bearish channel’s levels, to expect suffering several losses that begin at 160.90.
The expected trading range for today is between 162.00 and 163.35
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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