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The EURJPY attempts to enter the bullish channel – Analysis – 16-6-2023

Economies.com
2023-06-16 07:34AM UTC

The EURJPY pair formed strong bullish attack, achieving big gains, to settle below the extension of the broken bullish channel’s support line at 154.50, attempting to enter the channel to confirm the continuation of the positivity for the upcoming trades.

 

We will depend on 152.20 level forming the additional support, to assure the importance of waiting to achieve the required breach and open the way to start recording new positive targets that might start at 155.40 and 156.20.

 

The expected trading range for today is between 153.70 and 155.40

 

The expected trend for today: Bullish

The GBPJPY surpasses the resistance– Analysis – 16-6-2023

Economies.com
2023-06-16 07:34AM UTC

The GBPJPY pair continued to form strong bullish waves to notice its rally above the minor bullish channel’s resistance at 179.80, hinting moving to the next positive station by touching 180.60.

 

The major indicators continue to provide the positive momentum, besides the stability of the additional support at 178.90, which ease the mission of recording new positive gains that might start at 181.40 followed by reaching the next barrier at 182.60 as a next main target for the bullish bias.

 

The expected trading range for today is between 179.60 and 181.40

 

The expected trend for today: Bullish

Platinum price holds above the support – Analysis – 16-6-2023

Economies.com
2023-06-16 07:33AM UTC

Platinum price ended the last negative attack after achieving the target at 965.00, which forms solid support line, to force it to start activating the correctional bullish track and notice its consolidation near 995.00 now.

 

The contradiction between the major indicators might force the price to form temporary sideways fluctuation, while the frequent stability above the mentioned support will increase the chances of covering the recently suffered losses, to expect targeting 1010.00 and 1040.00 levels.

 

The expected trading range for today is between 975.00 and 1010.00

 

The expected trend for today: Bullish

Copper price breaches the barrier – Analysis – 16-6-2023

Economies.com
2023-06-16 07:32AM UTC

Copper price confirmed its affection by the domination of the bullish bias by rallying above 3.8500 barrier yesterday, consolidating above the MA55, also, stochastic provides the positive momentum to assist to reinforce the chances of recording additional gains, to keep waiting to reach 4.0500 followed by extending trades the next main target at 4.1650.

 

The expected trading range for today is between 3.8500 and 4.0500

 

The expected trend for today: Bullish