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Platinum seeks exit – Analysis – 20-10-2017
Platinum price remains affected by the sideways bias domination, due to its repeated stability within the sideways range levels until this moment, therefore, we will keep preferring the sideways trading until finding another exit by surpassing the barrier at 946.00 or breaking the support at 910.00.
The main targets depend on surpassing the mentioned levels, reminding you that surpassing the barrier will reinforce the bullish bias domination to target 980.00 level, while its decline below the current support will put it under strong negative effect to expect reaching 870.00.
Expected trading range for today is between 910.00 and 946.00
Expected trend for today: Sideways
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GBPJPY builds new support base – Analysis – 20-10-2017
The GBPJPY pair couldn’t settle for long time above 149.10 level, which forces it to provide an intraday sideways trading as appears in the above image, also we notice forming a new support base near 147.25 level, the attempts of regaining the bullish bias supports shrinking the possibility for providing bearish correctional trading.
MoreEURJPY attempts to confirm the positivity – Analysis – 20-10-2017
The EURJPY pair provided new positive close above the support base at 132.15, to confirm its readiness to provide strong bullish trading in the near and medium period, and stochastic rally to the overbought level eases the attempt for gathering the bullish momentum, opening the way towards achieving the main targets that begin at 134.55 reaching 137.00 in the upcoming period.
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Tesco shares price was forced to repeat the sideways attempts recently by consolidating around 187.40 level due to lacking the bullish momentum, noting that the moving average 55 consolidation below the current price forms the main factor to confirm the bullish bias domination, to form solid support around 182.40 and increase the chances of resuming the bullish attack in the near term and medium term period.
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