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The GBPJPY gains some profits – Analysis – 18-8-2023
The GBPJPY pair surrendered to the strength of the additional resistance at 186.20, to force it to postpone the bullish attack and start gaining some profits by some correctional bearish wave to settle near 184.70.
We will depend on the stability of the additional support 183.55 to decrease the negative effect, also, note that stochastic exit from the overbought areas will increase the chances of gathering the positive momentum to keep its bullish track and wait to rally towards the current resistance in order to find a way to reach new positive stations in the near term and medium term period.
The expected trading range for today is between 184.00 and 185.80
The expected trend for today: Bullish
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Platinum price still keeping the domination of the bearish bias, to notice the frequent fluctuation near 895.00 level, which increases the chances of breaching 878.00 obstacle that formed the first negative target recently.
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MoreSugar price under the negative pressure – Analysis - 18-08-2023
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