The EURGBP is leaning on the support of its simple moving average – Forecast today – 23-7-2025
AI Summary
- EURGBP price is leaning on the support of its EM5A0, suggesting a rise in upcoming intraday trading
- Expected trading range for today is between 0.8660 support and 0.8680 resistance
- Trend forecast is bullish, with high-accuracy trading signals available for subscription via Telegram from BestTradingSignal.com
The (EURGBP) price continued the decline in its last intraday trading, looking for a rising low to take it as a base might help it to gain the required positive momentum to recover, reaching by its last decline to lean on the support of its EM5A0, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, with the (RSI) indicators reach to the oversold levels, exaggeratedly compared to the price move, which suggest forming positive divergence.
Therefore, our expectations suggest a rise in the (EURGBP) price in its upcoming intraday trading, if the support level settles at 0.8670, to target the key resistance level at 0.8690.
The expected trading range for today is between 0.8660 support and 0.8680 resistance
Trend forecast: Bullish
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The EURJPY recovers– Forecast today – 23-7-2025
The EURJPY pair rose in its last intraday levels, surpassing the negative pressure of the EMA5O, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, to notice the emergence of the positive signals on the (RSI), reinforcing the bullish track.
Therefore, our expectations suggest a rise in the (EURJPY) price in its upcoming intraday trading, conditioned by the stability of the support level at 171.80, to target the critical resistance at 173.25, preparing to attack it.
The expected trading range for today is between 171.45 support and 173.85 resistance.
Trend forecast: Bullish
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The GBPJPY soars high– Forecast today – 23-7-2025
The GBPJPY pair soars high in the last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, attempting to get rid of the negative pressure of the EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a supportive bias line for the trend.
Therefore, our expectations suggest a rise of (GBPJPY) in its upcoming intraday trading, especially when breaching the current resistance at 198.75, to target the critical resistance level at 199.80.
The expected trading range for today is between 197.90 support and 199.80 resistance
Trend forecast: Bullish
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Weekly performance report available here: Trading Signal Results – Week of July 14–18, 2025
Copper price breaches its resistance– Forecast today – 23-7-2025
Copper price witnessed a strong rise in its last intraday trading, to breach the key resistance at $5.73, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a minor bias line, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability of this bullish track, especially with the emergence of the positive signals on the (RSI), despite reaching overbought areas.
Therefore, our expectations suggest a rise in (copper) price in its upcoming intraday trading, if it settles above $5.73, to target the critical resistance level at $5.89.
The expected trading range for today is between $5.65 and $5.89
Trend forecast: Bullish
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Weekly performance report available here: Trading Signal Results – Week of July 14–18, 2025