The EURJPY affected by the indicators’ contradiction – Analysis – 11-1-2022
The EURJPY pair formed temporary negative rebound yesterday due to the contradiction between stochastic positivity against the main stability above the additional support at 129.85, which might hinder the bullish attempts to expect forming continuous sideways fluctuation until gathering the positive momentum again.
Note that the attempt to crawl below the mentioned support will confirm surrendering to the domination of the correctional bearish bias to expect suffering additional losses that might extend towards 128.75 initially.
The expected trading range for today is between 129.80 and 131.10
The expected trend for today: Bullish
The GBPJPY repeats the sideways fluctuation – Analysis – 11-1-2022
The GBPJPY pair failed to breach 157.40 barrier yesterday, to repeat the sideways fluctuations and notice its confine between the current barrier and 156.00 support.
These factors urge us to wait to surpass one of the dominant levels to manage to detect the upcoming targets, as achieving the required breach will open the way to record many positive targets that might start at 158.60, while crawling below the additional support will force it to form correctional bearish rebound in order to reach the bullish channel’s support line at 154.50.
The expected trading range for today is between 156.00 and 157.40
The expected trend for today: Sideways
Platinum price repeats the positive closings – Analysis – 11-1-2022
Despite platinum price recent slow trades, the positive stability above 925.00 support line reinforces our bullish overview, reminding you that it is important to breach the initial barrier at 1000.00 to open the way to resume the bullish attack and attempt to achieve more gains by moving towards 1040.00.
The expected trading range for today is between 930.00 and 1000.000
The expected trend for today: Bullish
Copper price is slow – Analysis – 11-1-2022
Copper price didn’t show any move until this morning, to continue resisting the temporary negative pressures by fluctuating above 4.3300, to increase the chances of renewing the bullish attempts soon.
We remind you that it is important to gather the positive momentum to manage to form new bullish rally in order to reach the positive stations at 4.5200 and 4.6200.
The expected trading range for today is between 4.3300 and 4.5200
The expected trend for today: Bullish