Copper price tests the broken support – Analysis – 21-12-2018

Despite Platinum price stability above 775.00 level, we notice the beginning of its move due to the contradiction of the major indicators with the previously suggested positive attempts, thus, we will keep waiting to gather new positive momentum to assist to reach the initial target at 825.00, reminding you that surpassing this barrier will allow the price to achieve more targets that might extend towards the key resistance 890.00.

The GBPJPY pair did not get enough testing the key support 141.10, to notice taking advantage of the negative pressures by attempting to crawl below this support, while we recommend to wait to get negative close below this support to confirm moving into new negative level and avoid any unstable fluctuation, waiting to achieve our targets at 140.40 followed by 139.65.

The EURJPY pair continued to provide negative trades, confirming the affection by the bearish bias domination, to notice its approach to the first target at 126.90, while gathering new negative momentum after stochastic reached the oversold areas reinforces our negative overview, to expect achieving targets by reaching 126.15 and 125.70 levels in the upcoming period.