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The GBPJPY keeps the bearish bias – Analysis – 20-5-2020
The GBPJPY pair still stable below 38.2% Fibonacci correction level to form additional barrier at 133.30 and supports the continuation of the negativity on the near term and medium term period.
We remind you that it is important to crawl below 129.05 to open the way to record many negative targets that start at 128.10, while surpassing the current barrier will postpone the negative attack and force the price to provide correctional bullish trades that might push the price to 136.00 before recording any new negative target.
The expected trading range for today is between 133.30 and 130.60
The expected trend for today: Bearish
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Platinum hits the first target – Analysis – 20-5-2020
Platinum price kept its bullish track by moving away from 775.00 support line, noticing recording the first positive target by reaching 853.25 recently, while the stability of stochastic within the overbought areas will increase the positive pressures to ease the mission of surpassing the moving average 55 at 873.00, followed by extending trades towards the second positive station at 915.00.
MoreCopper price continues the negative crawling – Analysis – 20-5-2020
Copper price continued to provide the positive crawling in order to resume the correctional bullish attempts, taking advantage of the additional positive momentum due to stochastic reach to the overbought areas.
MoreWheat price gets a negative signal – Analysis - 20-05-2020
Wheat price did not show any strong move yesterday, to continue fluctuating around 500.00, therefore, no change to the bearish trend scenario that depends on the price stability below 503.70 and 507.00 levels, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 483.20.
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