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Copper keeps the negative stability – Analysis – 28-3-2018
No change on Copper price trading by its stability below the resistance at 3.0850, confirming its affection by the bearish bias domination, therefore, we will keep waiting for forming new negative trading, which allows it to achieve the main targets at 2.8500 reaching to 2.7000.
Stochastic surpass to the oversold level might force the price to provide some sideways trading until gathering the required negative momentum and begin recording the suggested targets.
Expected trading range for today is between 3.0300 and 2.8500
Expected trend for today: Bearish
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Platinum holds above the support – Analysis – 28-3-2018
Platinum price touched the support level at 935.00, to notice providing positive close above it, to keep its sideways stability until this moment, reminding you that surpassing one of the dominant levels near the current support, while the resistance is represented by the moving average 55 at 960.00.
MoreGBPJPY affected by the stability of the initial resistance – Analysis – 28-3-2018
The GBPJPY pair remains stable clearly below the initial resistance at 150.80, confirming delaying the bullish rally, therefore, our sideways trading suggestion will remain valid due to the contradiction between the current resistance and 149.00 level, as it forms the initial support level against the current trading.
MoreEURJPY seeks new momentum – Analysis – 28-3-2018
The EURJPY pair lost its positive momentum yesterday, which forces it to provide some of the bearish correctional trading by reaching 130.80, reminding you that the bullish scenario will remain valid if the support settled at 130.60, to wait for gathering new positive momentum to ease the attempt of recording the positive targets that located at 132.20 reaching to 133.25 in the upcoming period.
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