The GBPJPY pair began this morning with a new positivity by forming a price gap and holding above the sideways track’s resistance at 193.45 level, to begin recording new gains by hitting 194.20 level.
The price succeeded in providing new closes above 193.45 level, with the continuation of providing positive momentum by the main indicators, which will increase the chances for recording clear gains by reaching 194.80 followed by the next barrier near 195.85.
The expected trading range for today is between 193.30 and 194.80
Trend forecast: Bullish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Platinum price succeeded to confirm surpassing the barrier at $983.00, activating the suggested bullish rally, to achieve the initial target by reaching $1002.00, the stability of the price above the breached barrier is required for taking advantage of the main indicators positivity, to attempt to record new gains by its rally towards 61.8%Fibonacci correction level at $1017.00.
The price decline below $983.00 and providing negative close will cancel the bullish suggestion, which forces the price to suffer several losses by reaching $965.00, then press on the support at $950.00.
The expected trading range for today is between $990.00 and $1017.00
Trend forecast: Bullish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Copper price rally above the moving average 55, will not affect the negative suggestion for the current trading, because of the formation of consecutively lower peaks, keeping its stability below the main barrier at $4.9100.
The price might keep forming weak trading until gathering the negative momentum, that assist to confirm breaking $4.5000 level, then begin targeting new negative stations by breaching $4.4500 reaching $4.3100.
The expected trading range for today is between $4.5000 and $4.7000
Trend forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
The (GBPUSD) price declines in its recent intraday trading, affected by reaching the resistance of its EMA50, which put it under negative pressure, especially with the dominance of a bearish correctional wave on the short-term basis, besides the emergence of negative overlapping signals on the short-term basis, besides the reaching exaggerated overbought levels compared by the price move, which indicates the beginning of forming a negative divergence, which reinforces the bearish trend scenario.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.