Category: Forex News, News
The EURJPY looks for the positive momentum– Forecast today – 19-5-2025
The GBPJPY pair remains affected by the negative pressures, which forces it to fluctuate below the extra support at 193.15 level, which forces it to delay the bullish rally on the current trading, while the stability of the moving average 55 above the support at 191.50, stochastic approach from 20 level, these factors make us wait for gathering the positive momentum, then begin targeting some of the positive stations, by its rally to 194.50 and 195.30.
While the decline below 191.50 and providing a negative close will confirm its move to the bearish track, to expect suffering big losses by reaching 190.40.
The expected trading range for today is between 192.20 and 194.10
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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