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The EURJPY is forced to decline – Analysis – 18-8-2023
The EURJPY pair confirmed its affection by the domination of the correctional bearish bias due to the stability of 159.20 level and forming additional barrier against the recent positive attempts, while we expect to confine trades within sideways track represented by the mentioned barrier and the additional support at 157.10.
In general, the main stability within the bullish channel allows us to keep the positive attempts, to keep waiting to gather the required positive momentum to breach 159.20 level and reach new positive stations that might extend towards 159.80 and 160.50.
The expected trading range for today is between 158.40 and 157.40
The expected trend for today: Bearish temporarily
The GBPJPY gains some profits – Analysis – 18-8-2023
The GBPJPY pair surrendered to the strength of the additional resistance at 186.20, to force it to postpone the bullish attack and start gaining some profits by some correctional bearish wave to settle near 184.70.
MorePlatinum price keeps the negativity – Analysis – 18-8-2023
Platinum price still keeping the domination of the bearish bias, to notice the frequent fluctuation near 895.00 level, which increases the chances of breaching 878.00 obstacle that formed the first negative target recently.
MoreCopper price repeats the fluctuation near the support – Analysis – 18-8-2023
Copper price provided new sideways fluctuation to keep its stability near the key support 3.6400, to increase the threat of exiting the bullish track due to the continuous negative pressures that it faces until now.
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