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Copper repeats the fluctuation – Analysis – 2-8-2016
Copper price failed to achieve any new positive level yesterday due to the stability of 2.2800 resistance, to notice new sideways trading and approach from the moving average 55, while in general, the bullish overview will remain valid depending on the stability of 2.1410 support, waiting to form new bullish attack that allows it to achieve the waited breach and start reaching our targets that start at 2.3300 followed by 2.4400.
Expected trading range for today is between 2.1500 and 2.2800
Expected trend for today: Bullish
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Platinum holds positively – Analysis – 2-8-2016
Platinum price was affected by the bullish bias domination, to notice positive closings above 1140.00 support, which confirms the stability of the price within the bullish channel and wait to surpass the first target at 1165.00 followed by starting to achieve more targets by reaching 1195.00 followed by 1170.00 in the upcoming period.
MoreEURJPY still negative – Analysis – 2-8-2016
Despite the weak trading of the EURJPY pair, but we assure the continuation of the negativity for the upcoming trading depending on the stability above the initial barrier 115.10, besides the price stability within the bearish channel as appears on chart, thus, we will keep waiting to reach the main target at 112.50 that forms the extension of the main support.
MoreGBPJPY holds above the support – Analysis – 2-8-2016
No news for the GBPJPY pair, as its affected by some negative pressures that forced it to settle around 134.50 support, while the stability of this support allows us to wait to gather the bullish momentum again, which will open the way to reach our targets that reach to 137.00 then 140.00.
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