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The GBPJPY attempts to settle above the support– Forecast today – 3-10-2025

The GBPJPY pair remains affected by the negative pressure that comes from stochastic reach to the oversold level, to notice its attempt to reach below the support at 197.80, facing the moving average 55 then bouncing again to settle above the support as appears in the above image.

 

The stability above the current support will increase the chances of renewing the bullish attempts, to expect targeting some positive stations by its rally towards 198.80 and 199.80, while moving to the negative track requires forming strong bearish waves, to surpass the moving average 55, then target 196.30 level.

 

The expected trading range for today is between 197.55 and 198.80

 

Trend forecast: Bullish

 



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