The EURJPY pair attempted to record some extra gains by reaching 184.65 level, but its decline since the opening of this morning below 184.20 will force it to delay the bullish attempts in the current period, increasing the chances of forming new bearish waves, attempting to reach 183.65 and 183.35.
Providing negative momentum by stochastic stability confirms delaying the bullish attempts, to keep waiting for reaching the previously negative stations.
The expected trading range for today is between 183.35 and 184.35
Trend forecast: Bearish
Thanks for your feedback.
The GBPJPY pair failed to resume the bullish attempts, due to the stability of the barrier at 112.30, forcing it to activate the bearish corrective scenario by threatening the stability of the minor bullish channel’s support at 211.90.
MorePlatinum price remains affected by stochastic positivity, which contradicts the bearish corrective scenario, recording some extra gains by reaching $1913.00 level, the price keeps providing positive trading until testing the bearish channel’s resistance at $1968.00, to begin forming new bearish waves to activate the bearish corrective scenario again.
MoreCopper price remains affected by the continuation of the main indicators’ contradiction, as it provided new sideways fluctuations, to keep its negative stability below the barrier at $5.5100, to support the chances of renewing the corrective attempts in the near and medium period.
More