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GBPJPY Breaks Resistance – Forecast for March 5, 2025

The GBPJPY currency pair experienced a strong bullish rally on Tuesday, breaking through the bearish channel's resistance at 190.55. This breakout led to significant...
HomeLatestBrent Oil Price Reverses Negative Trend: Positive Outlook for February 11, 2025

Brent Oil Price Reverses Negative Trend: Positive Outlook for February 11, 2025

Brent crude oil prices saw a notable surge yesterday, breaking through the $76.00 mark. This movement effectively nullified the negative influence of the head and shoulders pattern that had been evident on the chart.

The price increase suggests a shift towards upward momentum, particularly after surpassing the 50-day exponential moving average (EMA50) and maintaining support above it. Analysts expect further gains in the coming sessions as this positive trend continues.

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