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Copper price holds below the broken support – Analysis – 20-12-2018
Copper price confirmed moving to the negative track by providing new negative close below the broken support, to form new resistance at 2.7100, thus, we will continue to suggest the negative attempts until surpassing 2.6400 level, followed by waiting to reach the first main target at 2.5500.
Stochastic reach to the oversold areas reinforces the negative overview by providing new negative momentum that increases the chances to form negative trades until reaching our targets.
Expected trading range for today is between 2.7100 and 2.6000
Expected trend for today: Bearish
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Platinum faces the negative pressures – Analysis – 20-12-2018
Despite facing strong negative pressures recently, and settling within the bearish channel, Platinum price stability above the initial support 775.00 increases the chances to form the expected bullish correction.
MoreGBPJPY crawls negatively – Analysis – 20-12-2018
The GBPJPY pair completed its negative crawling by reaching 141.60 level, confirming its surrender to the negative pressures, to keep waiting to touch the key support 141.10, reminding you that the continuous negative pressures will increase the chances to break the key support and move into new negative track, to start target new negative levels that start at 140.40 followed by 139.65.
MoreEURJPY provides new negative signal – Analysis – 20-12-2018
The EURJPY pair hinted its surrender to the negative trades by providing new negative close below 128.00, to notice the beginning of recording some negative levels by reaching 127.53, while we expect to face negative pressures to surpass 126.90 level and target new levels that might start at 126.15 and 125.70.
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