|
GBPJPY builds new support base – Analysis – 20-10-2017
The GBPJPY pair couldn’t settle for long time above 149.10 level, which forces it to provide an intraday sideways trading as appears in the above image, also we notice forming a new support base near 147.25 level, the attempts of regaining the bullish bias supports shrinking the possibility for providing bearish correctional trading.
The price stability within the main bullish channel reinforces the attempt to renew the bullish attack, gathering new positive momentum makes us expect resuming the bullish attack and achieving the initial target at 151.60, then attempt to surpass the achieved top at 152.85.
Expected trading range for today is between 147.25 and 151.60
Expected trend for today: Bullish
Thanks for your feedback.
EURJPY attempts to confirm the positivity – Analysis – 20-10-2017
The EURJPY pair provided new positive close above the support base at 132.15, to confirm its readiness to provide strong bullish trading in the near and medium period, and stochastic rally to the overbought level eases the attempt for gathering the bullish momentum, opening the way towards achieving the main targets that begin at 134.55 reaching 137.00 in the upcoming period.
MoreUK: the moving average 55 supports Tesco positivity – Analysis – 20-10-2017
Tesco shares price was forced to repeat the sideways attempts recently by consolidating around 187.40 level due to lacking the bullish momentum, noting that the moving average 55 consolidation below the current price forms the main factor to confirm the bullish bias domination, to form solid support around 182.40 and increase the chances of resuming the bullish attack in the near term and medium term period.
MoreNatural Gas needs to confirm the break – Analysis – 20-10-2017
Natural gas price provided new negative trading yesterday by declining below the sideways range support at 2.880, but the quick rebound above this support allows us to continue with our neutrality for today, as we prefer to wait to get four hours' candlestick below the current support to confirm the preparation to build new bearish bias followed by starting to record the main negative targets that start at 2.750 followed by 2.500.
More