No news for the EURJPY – Analysis – 8-4-2021
The EURJPY pair did not succeed to record any new positive target until this moment, affected by the stability of 130.75 barrier, to notice forming continuous weak sideways fluctuation and settling near 130.20.
The continuous stability of the mentioned barrier might force the price to form temporary correctional rebound, to test the minor bullish channel’s support line at 129.15, while succeeding to breach the barrier and hold above it will open the way to start achieving new positive targets to expect moving towards 131.60 followed by reaching 132.70.
The expected trading range for today is between 129.30 and 130.30
The expected trend for today: Fluctuated within the bullish track
The GBPJPY needs new positive momentum – Analysis – 8-4-2021
The GBPJPY pair suffered more losses yesterday due to the lack of the positive momentum, to notice approaching the initial support at 150.10, while renewing the bullish attempts requires gathering new positive momentum to ease the mission of forming new bullish waves, to target 151.80 followed by pressing on the recently recorded high at 153.40.
On the other hand, facing new negative pressures and crawling below the mentioned support will confirm the domination of the correctional bearish bias, to expect suffering new losses that might extend towards 149.40 and 147.85 levels.
The expected trading range for today is between 150.10 and 151.80
The expected trend for today: Bullish
Platinum needs to confirm the breach – Analysis – 8-4-2021
Platinum price formed some sideways fluctuations until confirming breaching 1230.00 barrier, which forms the main door to resume achieving the positive targets at 1285.00 and 1380.00.
We notice that 1190.00 continues to form additional support to confirm blocking trades within the bullish track, also, stochastic rally above 50 level will ease the mission of gathering the required positive momentum to start recording the suggested targets.
The expected trading range for today is between 1210.00 and 1280.00
The expected trend for today: Bullish
Copper price keeps the positivity – Analysis – 8-4-2021
Copper price repeated the positive closings within the bullish track, moving away from the additional support 3.8810, to support our bullish overview for the near term and medium term trading, thus, we will keep waiting to activate the effect of the positive indicators to start recording the targets by moving towards 4.1600 followed by 4.2820.
The expected trading range for today is between 4.0500 and 4.1600
The expected trend for today: Bullish