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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...
HomeLatestCrude Oil Price Tests Key Resistance at $70.30 – February 28, 2025...

Crude Oil Price Tests Key Resistance at $70.30 – February 28, 2025 Forecast

Crude oil prices have tested the critical resistance level at $70.30 but closed the day below it, maintaining stability under this threshold. The 50-day Exponential Moving Average (EMA) converges with this resistance, further reinforcing its strength.

Meanwhile, the Relative Strength Index (RSI) is gradually losing its positive momentum, signaling a potential shift in market sentiment. Analysts will be watching for any signs of a breakout or reversal in the coming sessions.

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