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FxNews.me — Technical Analysis

EURJPY Bull Market Eyes 164.4 Resistance

EUR/JPY is in a bull market, above the 75-SMA. If the pair holds above 162.4, the uptrend will likely resume, targeting the 78.6% Fibonacci resistance level.

 
GBPUSD Close to 1.261 With Bullish Momentum

GBP/USD is testing the 1.261 resistance as the RSI signals a bullish divergence. If the prices exceed 1.261, the current uptick momentum will likely extend to 1.268 resistance, backed by the 75-SMA.

 
GBPJPY Support at 195.9 Could Spark Rally

GBP/JPY's sell-off eased near 195.9 support. If this support holds, the uptrend will likely resume. In this scenario, the next bullish target could be retesting the 198.9 high.

 
Bitcoin Double Bottom Pattern at $92000 Sparks Bullish Rally

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Bitcoin formed a double bottom pattern in the 4-hour chart at $92K. If bulls pull the prices above $96,000, the digital gold could target $100,000.

 
Ethereum To Target $3600 if $3210 Holds Firm

Ethereum bounced from $3,100 in a bear market and is facing the $3,500 resistance. Technical indicators show signs of a mild bullish sentiment. If ETH closes and stabilizes above the $3,500 barrier, the current uptick in momentum could extend to $3,640.

 
Solana Bears Could Break $175

Solana trades at approximately $190 in a strong bearish market, below the 75-period SMA and the $203.0 resistance. Solana's next bearish wave hinges on the $175.0 support.

A break below this level could result in further losses toward the 78.6% Fibonacci retracement level at $161.0.

 
Bullish Bitcoin Consolidates At 98K

Bitcoin is bullish above the 50-SMA but is consolidating at around $98,000. A close above the resistance at $99,900 can trigger an uptrend, targeting $101,900.

 
EURUSD Bounced From 1.022: What's Next?

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EURUSD bounced from 1.022. The primary trend is bearish. A Dip below the support at $1.028 can trigger the downtrend, targeting $1.022, followed by $1.01.

 
EURJPY Tests 162 Resistance: Market Waits a Breakout

EURJPY tests 162 resistance. A close above the immediate resistance at 162.8 can trigger the uptrend, targeting 163.8, followed by 165.0.

 
AUDUSD Dipped From 0.631: Next Target?

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AUDUSD dipped from 0.631, trading in a bear market. The outlook remains bearish as long as 0.631 resistance holds. In this scenario, the prices could retest at the December 2024 low of $0.618.

 
Bitcoin Dipped to $95000: What's Next?

Bitcoin dipped to $95,000. A close above the immediate resistance at $96,300 can trigger the uptrend, targeting the 38.2% Fibonacci resistance level at $97,870.

 
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