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Platinum is slow – Analysis – 18-12-2019

Economies.com
2019-12-18 08:04 UTC

Platinum price remains under the effect of the slow trading, in spite of the supported factors for the continuation of the positivity, the stability of the support at 915.00 besides the fluctuation of the moving average 55 below it confirms the trading confinement within the bullish range.

 

therefore, we will keep waiting for forming a new bullish rally, to surpass the initial target at 955.00, to confirm its readiness to record new positive targets that begin at 1025.00.

 

The expected trading range for today is between 810.00 and 880.00

 

The expected trend for today: Bullish

 

 

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The GBPJPY suffers big losses– Analysis – 18-12-2019

Economies.com
2019-12-18 08:04 UTC

The GBPJPY pair surrendered to the stability of the bullish channel’s resistance at 143.60, to notice forming a bearish correctional trading, suffering several losses due to reaching 143.07, note that the continuation of the price fluctuation below 143.80 level, so that will increase the chances for resuming the negative attack, to expect reaching 142.30 then 141.00 in the upcoming period.

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The EURJPY surprised by the strength of the barrier– Analysis – 18-12-2019

Economies.com
2019-12-18 08:04 UTC

The EURJPY pair forced to form a new negative fluctuation, affected by the strength of the barrier at 122.45, which decelerates the attempts of resuming the bullish attack, which will increase the chances for forming a bearish correctional trading, to suffer some losses by its decline to 121.55 and 120.75.

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The Japanese index ends the bullish rally– Analysis – 18-12-2019

Economies.com
2019-12-18 08:04 UTC

The Japanese index price announced that it ends the bullish attack by hitting the bullish channel’s resistance at 24165.00, to form a strong obstacle against the bullish attempts, which forces it to begin the negative correction by reaching 23865.60.

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