Despite the weakness of the GBPJPY pair’s trading on Friday, the attempt of its stability above the extra support at 201.70 accompanied by our bullish expectation, fluctuating near 202.55 level.
Stochastic attempts to surpass 50 level, which will increase the chances of gathering positive momentum in the current period, to ease the mission of targeting positive stations by its rally towards 203.55 initially, then attempts to renew the pressure on the barrier at 203.95.
The expected trading range for today is between 202.00 and 203.95
Trend forecast: Bullish
Platinum price succeeded in facing the negative pressure, to settle above the support level at $1525.00, forming bullish wave to settle near $1605.00 level as appears in the above image.
MoreCopper price remains affected by the stability of the extra barrier near $5.2000, reducing the chances of resuming the bullish attack, providing more sideways trading by its stability near $5.0500.
MoreThe (ETHUSD) price slipped lower in its last intraday trading, preparing to break the key support at $3,720, amid the continuation of the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, indicating the volume and the strength of the bearish momentum.
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