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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.
Note that the price success to break the current support will force it to suffer several losses that begin ta 905.00 and 890.00, while breaching the resistance will increase the chances for regaining the bullish bias by reaching 980.00, to press on the achieved top at 1027.00.
Expected trading range for today is between 960.00 and 935.00
Expected trend for today: Sideways
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GBPJPY 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.
MoreUK: Dixons shares prepare to decline – Analysis – 28-3-2018
Dixon price confirmed the bearish bias domination by providing new negative close below the resistance at 182.45, which forms the double top pattern that appears in the above image, therefore, there is no change on the negative suggestion, to keep waiting for forming strong negative attack to target 173.35, which forms the initial negative target, and the continuation of the negative pressures that might extend to 164.70.
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