USD/GHS Outlook: May 2025 Breakdown or Rebound?• The USD/GHS has a big drop — down over 27% in one month.
• The price is now around GHS 10.23, sitting on a zone where price bounced in the past.
• Key fib support zone 0.786 (10.698 GHS) — broken.
• Key fib support zone 1.000 (8.50 GHS) — next likely support.
• Current price is near an old support zone (10.00–9.00) – This could slow down the fall or cause a bounce.
• If 9.00 breaks, the next strong support is around 8.50.
• Momentum is bearish – No signs of reversal yet.
If Price Goes Up from Here (Reversal Scenario)
• Price may bounce around 10.00 or 9.00.
• If that happens, watch for a move back up to 10.98 (the level it broke).
• If it breaks above 10.698, the next upside target is around 12.42.
If Price Keeps Dropping (Continuation Scenario)
• If price drops below 9.00, expect a move toward 8.50.
• If that breaks, the next support is around 7.00, and then possibly 5.70.
What Is More Likely?
• Right now, it looks more like the price will keep going down.
• No bullish candle has formed yet, and momentum is negative
• Until price shows a clear bounce, I expect further drop toward 8.50.
