The EURJPY approaches the target – Analysis – 19-10-2021
The EURJPY price formed new bullish wave this morning to approach the additional target at 133.10 followed by bouncing negatively towards 133.75 due to the lack of the positive momentum, while the price forms some sideways fluctuation until gathering the positive momentum, to manage to breach 133.10 level and reach the next target at 133.58.
The risks of postponing the bullish the bullish attack and forming new negative rebound will appear in case the price crawled below 132.05 support line, to expect suffering losses by moving towards 31.60 and 131.20 levels.
The expected trading range for today is between 132.00 and 133.10
The expected trend for today: Bullish
The GBPJPY moves within tight range – Analysis – 19-10-2021
The GBPJPY pair didn’t show any new action until this moment, due to its move between 157.50 resistance and the additional support 156.55, expecting the continuation of the sideways fluctuation until surpassing one of these levels.
Note that breaching the resistance will open the way to resume the bullish attack that will allow the price to reach 158.25 and 159.10 levels direct, while crawling below the support will activate the correctional bearish track to suffer losses by moving towards 155.70 followed by reaching 154.50 support line.
The expected trading range for today is between 157.50 and 155.55
The expected trend for today: Sideways
The GBPJPY moves within tight range – Analysis – 19-10-2021
The GBPJPY pair didn’t show any new action until this moment, due to its move between 157.50 resistance and the additional support 156.55, expecting the continuation of the sideways fluctuation until surpassing one of these levels.
Note that breaching the resistance will open the way to resume the bullish attack that will allow the price to reach 158.25 and 159.10 levels direct, while crawling below the support will activate the correctional bearish track to suffer losses by moving towards 155.70 followed by reaching 154.50 support line.
The expected trading range for today is between 157.50 and 155.55
The expected trend for today: Sideways
Platinum holds above the moving average – Analysis – 19-10-2021
Platinum price ended its sideways fluctuation by testing the moving average 55, to rebound quickly above 38.2% Fibonacci correction level at 1040.00, to confirm its affection by the domination of the bullish bias.
Therefore, we will keep waiting to gather the additional positive momentum to manage to renew the bullish attack, reminding you that the additional targets are located near 1072.00 and 1105.00.
The expected trading range for today is between 1040.00 and 1072.00
The expected trend for today: Bullish