Category: Forex News, News
The CADJPY settles below the resistance– Forecast today – 6-5-2025
Despite the stability of the GBPJPY pair above the sideways triangle’s support at 190.85, but the continuation of the main indicators’ negative momentum, as the moving average 55 forms an extra barrier at 191.70, besides stochastic reach to 50 level, these factors support the chances for activating the negative attack, to expect reaching near 189.90, breaking this obstacle will extend the losses directly to 189.20 and 188.60.
While regaining the bullish bias requires forming strong bullish waves, to breach the resistance at 193.35, to confirm its readiness to achieve new gains that might begin at 194.60.
The expected trading range for today is between 189.90 and 191.75
Trend forecast: Bearish
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Written by : Editorial team of BIPNs
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