The EURJPY pair renewed the bullish attempts yesterday, facing 186.65 barrier, which formed a strong obstacle against the attempts of resuming the bullish trend.
Reminding you that the stability within the bullish channel’s levels, and its main support is located at 185.60 represents a main factor to activate the bullish attempts, therefore, we will keep waiting for breaching the current barrier to open the way for reaching extra stations, which might begin at 186.95 and 187.65.
The expected trading range for today is between 185.70 and 186.95
Trend forecast: Bullish
The GBPJPY pair’s neediness to the bullish momentum led it to form more bearish corrective waves, to notice its stability near the moving average 55 at 217.35, note that this rebound will not affect the main bullish scenario, which depends on the stability of the support level at 216.35, the stability above it confirms the continuation of the positivity, which might target the barrier at 218.65 and surpassing it will extend the trading towards 219.40 and 220.00.
MorePlatinum price provided more sideways trading by its fluctuation near $1600.00 level due to the contradiction of the main indicators, especially by stochastic stability above 20 level, obstructing the previously waited negative trend.
MoreCopper price began activating with stochastic negativity, forming some bearish corrective waves, reaching $6.2180 level by forming extra barrier at $6.3600 level will increase the chances of resuming the corrective attempts, to expect reaching $6.1000 support, where breaking it will confirm its move to a new negative station that might push it to reach $5.9500 and $5.8200.
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