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GBPJPY surrenders to the negativity – Analysis – 21-12-2018
The GBPJPY pair did not get enough testing the key support 141.10, to notice taking advantage of the negative pressures by attempting to crawl below this support, while we recommend to wait to get negative close below this support to confirm moving into new negative level and avoid any unstable fluctuation, waiting to achieve our targets at 140.40 followed by 139.65.
Expected trading range for today is between 141.80 and 140.40
Expected trend for today: Bearish
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EURJPY continues to decline – Analysis – 21-12-2018
The EURJPY pair continued to provide negative trades, confirming the affection by the bearish bias domination, to notice its approach to the first target at 126.90, while gathering new negative momentum after stochastic reached the oversold areas reinforces our negative overview, to expect achieving targets by reaching 126.15 and 125.70 levels in the upcoming period.
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Natural gas price faced strong negative pressures recently due to stochastic release from the overbought areas, to be forced to break 4.040 support line and suffer clear losses by reaching 2.520.
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