The GBPAUD continued forming bearish waves in the last period, to keep its stability below the extra barrier at 1.9070, reaching 1.8850, taking advantage of the continuation of providing negative momentum by the moving average 55.
Resuming the negative trend in the current period to press on 1.8690 support and breaking it will confirm moving to a new bearish phase, to expect targeting 1.8510 and 1.8455 level.
The expected trading range for today is between 1.8690 and 1.8930
Trend forecast: Bearish
The EURJPY pair kept its negative stability since the last trading by providing repeated negative closes below the barrier at 185.45 level, to target the previously suggested negative stations by reaching 182.60 level.
MoreThe GBPJPY pair settled negatively in its last trading below 214.30, attempting to form new bearish trading by reaching 211.90 level, which forces it to form mixed trading by bouncing towards 212.90 to gather extra negative momentum in the near period.
MorePlatinum price repeats providing positive closes above $1950.00 level, increasing the chances of renewing the previously suggested bullish attempts to settle near $2005.00 level, taking advantage of providing positive momentum by stochastic as it surpassed 50 level.
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