The EURGBP pair ended yesterday’s trading by breaking above the resistance of the descending minor channel at 0.8640, attempting to confirm its transition into a bullish path. The pair recorded some gains, reaching the 0.8660 level.
The price needs to maintain new positive closes above the broken resistance level, which would allow it to benefit from the positive signals of the Stochastic indicator and target further bullish levels, starting at 0.8685 and then 0.8710 respectively.
The expected trading range for today is between 0.8645 and 0.8710
Trend forecast: Bullish
The pair’s price did not hold for long above the firm barrier at 185.80, affected by the negative US data, which forced it to postpone the bullish attack and form negative corrective waves, targeting the 184.60 level.
MoreThe pair’s price maintained its position below the firm resistance at 215.50 during yesterday’s trading, forcing it to form several corrective waves by targeting the 213.15 level, before attempting to stabilize again above the initial support level located at 213.50.
MorePlatinum price maintained its recent trading position below the firm barrier at 1865.00$, confirming its commitment to the downward corrective attempts. It has slipped toward 1720.00$, approaching the first target suggested in the previous report.
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