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The GBPJPY approaches the first target – Analysis – 22-10-2021
The GBPJPY pair surrendered to the stability of the historical resistance at 158.22, to notice forming correctional bearish rebound yesterday and approach the first target at 156.60, while the current positive rebound hints the attempt to gather the additional negative momentum to manage to break 156.60 and target new correctional levels that might extend towards 155.80 followed by reaching 154.50 that will form additional support against the negative trades.
The expected trading range for today is between 157.75 and 155.80
The expected trend for today: Bearish
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Platinum gains new positive momentum – Analysis – 22-10-2021
Platinum price succeeded to gather the additional positive momentum due to stochastic approach near 20 level, to support he continuation of the positivity by rallying towards 1060.00, thus, we will keep waiting to form new bullish rally and target 1072.00 initially, while surpassing this obstacle might extend trades towards 1105.00.
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