The EURJPY pair has maintained its positive stability, benefiting from attempts by the main indicators to generate positive momentum, moving away from the support level at 184.20. The price is currently approaching the 61.8% Fibonacci retracement level at 185.50.
The price needs to break above 185.80 and hold above it in order to facilitate a continuation of the upward move. A break of the recent peak at 186.15 would open the way for further gains toward new positive targets at 186.65 and 187.35 respectively.
Expected trading range: between 184.70 and 186.65
Today’s forecast: Bullish as long as support holds.
There is no significant change in the GBPJPY pair since yesterday’s trading sessions, as it continues to move sideways, repeatedly stabilizing near the 214.80 level while attempting to gather additional positive momentum needed to challenge the resistance at 215.50.
MoreThe price of platinum was affected by the formation of the $1650.00 level as additional support, interacting with the short-term positivity of the stochastic indicator, attempting to recover some losses by pushing toward $1750.00.
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