Category: Forex News, News
The coffee price repeats the negative attempts– Forecast today – 23-5-2025
The GBPJPY pair succeeded to surpass the negative pressures after facing the moving average 55, which formed extra support at 192.10, forming some bullish waves and its stability near 193.30 to increase the chances for activating the previously waited bullish attack.
By the above image, we notice stochastic rally above 20 level, to reinforce the chances for gaining the positive momentum, to keep our bullish expectations to target 194.60 level.
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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