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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.
We expect to gather new positive momentum to start forming bullish rally and manage to surpass 825.00 barrier, to target the main resistance at 890.00.
Expected trading range for today is between 775.00 and 825.00
Expected trend for today: Bullish
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GBPJPY 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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BMW shares price ended its recent negative trading by facing solid support at 69.60, to decrease its losses and start forming some bullish correction as appears on the chart, and despite the current contradiction between the major indicators, the stability of the key support will allow us to suggest more correctional bullish attempts that might target 77.50 level initially, with chances to touch the moving average 55 in the upcoming period by reaching 82.60.
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