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The EURJPY surrenders to the indicators’ contradiction – Analysis – 17-8-2022
The EURJPY pair failed to record any new negative target to notice its move towards 136.70 level, affected by the moving average 55 positivity that consolidates near the main bullish channel’s support line, while stochastic repeats its fluctuation near 20 level.
We remind you that the main stability below 137.55 will increase the chances of forming new negative trades, to expect suffering clear losses that might extend towards 134.40 followed by attempting to press on the additional support 133.60.
The expected trading range for today is between 137.00 and 134.40
The expected trend for today: Bearish
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The GBPJPY is unstable – Analysis – 17-8-2022
Despite the GBPJPY pair’s consolidation below 163.40 barrier, we notice its rally above the moving average 55, to hint the instability situation, as stochastic fluctuation below 50 will increase the chances of gaining the negative momentum to force the price to renew the correctional negative attempts and decline towards 161.80 followed by reaching the additional support at 159.80.
MorePlatinum price needs new momentum – Analysis – 17-8-2022
Platinum price kept its positive stability above 922.00 support line, attempting to consolidate positively above the moving average 55, to increase the chances of renewing the waited bullish attack.
MoreCopper price prepares to rise – Analysis – 17-8-2022
Copper price still keeping the bullish attempts by settling above 3.5000, to reinforce the chances of achieving new targets in the near term and medium term period, expecting to react to stochastic positivity to ease the mission of reaching 3.8500 level soon, while surpassing it might extend trades towards 4.0500 as a next main target.
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