Copper price achieves the required break – Analysis – 23-6-2022
Copper price succeeded to resume its negative attack by breaking 50% Fibonacci correction level at 3.9300, to suffer additional losses by reaching 3.8500.
We expect to get more negative momentum to renew the negative attempts and move towards 3.8000 soon, followed by attempting to touch the next main target at 3.6800.
The expected trading range for today is between 3.9500 and 3.6800
The expected trend for today: Bearish
Platinum price gets new negative momentum – Analysis – 23-6-2022
Despite the consolidation within the sideways track, the major indicators agree to provide the negative momentum that will assist to activate the bearish track for platinum price again, waiting to break 920.00 support line and reach new negative stations that start at 890.00 and 855.00.
On the other hand, failing to achieve the required break will increase the chances of forming temporary positive waves in order to test 950.00 before reaching any suggested negative target.
The expected trading range for today is between 940.00 and 890.00
The expected trend for today: Bearish
The GBPJPY threats the positive stability – Analysis – 23-6-2022
The GBPJPY pair faced negative pressures yesterday by stochastic attempt to exit the overbought areas, to notice its fluctuation below the additional support 166.00 and reach 165.60.
Getting new close below the broken support will activate the correctional bearish track, to expect suffering clear losses by moving towards 164.80 and 164.10 levels.
The expected trading range for today is between 166.60 and 164.80
The expected trend for today: Bearish temporarily
The EURJPY surrenders to the stability of the top – Analysis – 23-6-2022
The EURJPY pair still stable below 144.25 recorded high, to form strong obstacle against the attempt to resume the bullish attack and increase the chances of forming correctional bearish rebound in the upcoming period.
These factors allow us to suggest some correctional decline that might target 142.25 followed by 141.30, while succeeding to achieve the required breach will reinforce the bullish track again, to attempt to reach the additional target at 145.65.
The expected trading range for today is between 144.00 and 142.25
The expected trend for today: Bearish