The EURJPY approaches the support – Analysis – 1-12-2022
The EURJPY pair surrendered to the negative pressures to resume the bearish correction, approaching the bullish channel’s support line at 142.15 due to the consolidation of the moving average 55 near the major support, as this might force the price to form temporary sideways fluctuation, noting that stochastic reach to the oversold areas will form strong negative factor that increases the chances of breaking the current support and move to the bearish track, to target many stations near 141.40 and 140.30.
The expected trading range for today is between 143.60 and 141.80
The expected trend for today: Bearish
The GBPJPY continues to decline – Analysis – 1-12-2022
No change to the GBPJPY pair’s correctional bearish track due to the frequent consolidation below 166.80 barrier, to notice suffering some losses by moving towards 164.90.
We expect to resume the negative attempts caused by stochastic negative momentum signals, to attack 164.50 level, noting that breaking this obstacle will force it to suffer more losses by crawling towards 164.00 and 163.10.
The expected trading range for today is between 166.30 and 164.00
The expected trend for today: Bearish
Platinum price surpasses the first target – Analysis – 1-12-2022
Platinum price continued to form strong bullish waves, to notice surpassing the first main target 1040.00 and provide strong signal to resume the bullish attack in the upcoming period.
We will depend on 1000.00 level forming the additional support, in addition to the continuous positive momentum coming by the major indicators to keep waiting to touch 1072.00 level soon, forming the new target for the bullish bias.
The expected trading range for today is between 1010.00 and 1070.00
The expected trend for today: Bullish
Copper price surpasses the barrier – Analysis – 1-12-2022
Copper price formed new bullish rally to surpass 3.7000 barrier and confirm its surrender to the domination of the previously suggested bullish bias by touching 3.7800 level, while the major indicators provide the positive momentum, allowing us to suggest more rise now, reminding you that the initial targets are located near 3.8500 and 4.0500.
The expected trading range for today is between 3.7000 and 3.8500
The expected trend for today: Bullish