The EURGBP faces solid support – Forecast today – 5-2-2025
The EURGBP price faced new negative pressures to force it to break 0.8355 support line and suffer additional losses by reaching 0.8290, to face solid support base and settle above it as appears on the chart.
The frequent stability above the current support and stochastic positive momentum signals allow us to suggest the bullish scenario, to start targeting many positive stations by rallying towards 0.8340 soon, followed by attempting to press on the MA55 at 0.8365.
The expected trading range for today is between 0.8300 and 0.8365
Trend forecast: Bullish
Natural gas price still bullish – Forecast today – 5-2-2025
Despite natural gas price recent weak trades and fluctuating near the MA55 at 3.220$, that won’t affect the bullish track due to the frequent stability above 3.060$ support line.
We notice stochastic rally and settling near 80 level, to increase the chances of gathering the positive momentum, to keep our bullish overview by rallying towards the positive stations at 3.430$ and 3.530$.
The expected trading range for today is between 3.150$ and 3.430$
Trend forecast: Bullish
The EURJPY confirms the negativity – Forecast today – 5-2-2025
The EURJPY pair confirmed its surrender to the bearish scenario by settling below 161.60 barrier yesterday, forming more negative attempts by settling near the first target at 159.10.
The continuous negative momentum coming by the major indicators allows us to suggest the bearish overview, to expect attacking 158.40 level soon, followed by attempting to reach the next support at 157.35.
The expected trading range for today is between 158.40 and 160.20
Trend forecast: Bearish
The GBPJPY fails to breach – Forecast today – 5-2-2025
The GBPJPY pair failed to surpass 193.30 barrier yesterday, to push it to form new negative rebound and notice its consolidation near 191.25 now, hinting its surrender to the negative track again.
We notice that the consolidation of the MA55 above the mentioned barrier to confirm confining trading within the negative track for now, to expect suffering additional losses by attacking 190.55 level soon, followed by repeating the pressure on 189.60 support line.
The expected trading range for today is between 190.55 and 192.60
Trend forecast: Bearish