The EURJPY keeps the correctional attempts – Analysis – 20-8-2019
The EURJPY pair continued providing positive closes, to settle above the bearish channel’s support at 117.15, to increase the chances for forming bullish correctional rebounds in the near and medium period, note that the correctional targets are near 119.00 level reaching to the next barrier at 121.05, which represents the second target of the bullish bias.
While facing new negative pressures and the attempt of reaching below the current support will confirm the price move to a new negative track, to expect resuming the negative attack, then suffer more of the losses by reaching 116.60 and 114.85.
The expected trading range for today is between 117.15 and 119.00
The expected trend for today: Bullish
Copper must decline– Analysis – 20-8-2019
Copper price will resume the suggested negative attack if it kept its negative stability below the resistance that is located at 2.6200, stochastic reach below 50 level reinforces the negative scenario by providing a new negative momentum, to keep waiting for the price reach to 2.5500 soon, then extending the trading towards 2.4660 to form the initial target of the bearish track.
The expected trading range for today is between 2.6200 and 2.4660
The expected trend for today: Bearish.
Platinum continues to fluctuate – Analysis – 20-8-2019
Platinum price remains surrounded by the negative circumstances that are represented by the repeated stability within the bearish channel’s levels, besides providing negative momentum by the main indicators, but that didn’t affect the sideways fluctuation, which makes the price keep delaying the negative attack until this moment.
In general, the negative suggestion will remain valid unless breaching the resistance at 867.00, reminding you that the initial negative target is located at 790.00 level.
The expected trading range for today is between 860.00 and 790.00
The expected trend for today: Bearish.
The GBPJPY increases the chances for renewing the negativity – Analysis – 20-8-2019
The GBPJPY pair didn’t move until this morning, but its negative stability below the resistance at 130.00 increases the chances for renewing the negative attempts, while gathering a new negative momentum makes us expect reaching to 128.10 initially, then attempt to press on the support that is located at 126.50.
Note that the price attempt to rally above the current resistance will increase the chances for forming a bullish correctional trading, to target 131.70 level reaching to the critical resistance at 133.00.
The expected trading range for today is between 130.00 and 128.10
The expected trend for today: Bearish