Category: Forex News, News
The GBPJPY moves away from the resistance– Forecast today – 5-5-2025
No change on Copper price’s temporary sideways trading, due to its confinement between the extra barrier at $4.6600, while the moving average 55 keeps forming a new support by its fluctuation near $4.5400, and stochastic attempt to provide positive momentum might assist delaying the negative trading in the current trading, to increase the chances for compensating the previous losses, by its rally above the current barrier and targeting 61.8%Fibonacci correction level at $4.8200.
Reaching below the support and providing a negative close will support the continuation of the suggested negativity, reminding you that the negative stations stability near $4.4500 and $4.3100 level.
The expected trading range for today is between $4.5300 and $4.6600
Trend forecast: Sideways
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Written by : Editorial team of BIPNs
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