Category: Forex News, News
The GBPJPY retests the resistance– Forecast today – 23-4-2025
Copper price’s trading extended towards 68% Fibonacci correction level, recording the second target at $4.9000, to form an extra barrier against the bullish rally.
We expect price affection by some of the negative pressures, especially, stochastic attempts to exit the overbought level, which might increase the chances for activating the bearish correctional track and suffering some losses by reaching $4.7700 and $4.6800, while the price success to breach the obstacle will reinforce the chances for recording new gains that might extend towards $4.9600 reaching the next barrier near $5.0300.
The expected trading range for today is between $4.7700 and $4.900
Trend forecast: Fluctuated within the bullish track
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Written by : Editorial team of BIPNs
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