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The GBPJPY resumes the decline – Forecast today – 16-1-2025

By Published On: January 16, 20250.6 min readViews: 1960 Comments on The GBPJPY resumes the decline – Forecast today – 16-1-2025

Ethereum price (ETHUSD) traded with clear positivity yesterday to touch our waited target at 3425.50$, noticing that the price finds good resistance there, to show some slight bearish bias, waiting to get positive motive that push the price to surpass this level and confirm opening the way to achieve more gains on the intraday and short-term basis, to head towards visiting 3570.00$ followed by 3680.00$ areas as next positive targets.

 

Therefore, we are waiting for positive trades in the upcoming sessions, taking into consideration that failing to breach 3425.00$ will stop the bullish wave and push the price to head towards testing 3222.00$ areas before any new positive attempt.

 

The expected trading range for today is between 3250.00$ support and 3520.00$ resistance.

 

Trend forecast: Bullish



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