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The GBPJPY holds above the moving average – Analysis – 23-2-2023
The GBPJPY pair still consolidated within the correctional bullish track until this moment by leaning above the moving average 55, forming new additional support at 162.00, expecting to start forming bullish waves soon to repeat the pressure on 163.70 level, which surpassing it will open the way to reach the additional positive stations at 164.00 and 165.00.
The risks of changing the trend will appear in case the price declined below 160.60 and settled below it, to force it to renew the bearish attempts and start targeting many negative stations that start at 159.60 followed by reaching 158.60 support line.
The expected trading range for today is between 162.10 and 164.50
The expected trend for today: Bullish
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Platinum price settles below the barrier – Analysis – 23-2-2023
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