The EURGBP pair maintained its stability above support at 0.8360, attempting to reduce its losses and begin building a bullish corrective trend. The pair recently targeted 0.8395, but a lack of positive momentum pushed it lower again toward 0.8370.
We emphasize the importance of the price gathering positive momentum to sustain its stability above current support, which will increase the chances of targeting corrective levels starting at 0.8415 and 0.8455. However, a break below support and sustained trading beneath it would force the pair to incur further losses, initially targeting 0.8330.
The expected trading range for today is between 0.8360 and 0.8415
Trend forecast: Bullish
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The EURJPY pair began trading sideways with limited movement, as negative signals from the main indicators conflict with the bearish momentum, while the price continues to hold above support at 174.90, resulting in repeated fluctuations around 176.00.
MoreThe pair’s bearish trend remains unchanged despite forming some bullish corrective moves. Overall stability below the key resistance level at 212.00 supports the bearish outlook for upcoming trading.
MorePlatinum ended its recent bearish wave after encountering a historic support level near $1505.00, which has proven to be a strong barrier against further declines, forcing the price to enter sideways trading around $1525.00.
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