The EURJPY awaits breaking the support – Analysis – 21-9-2020
The EURJPY pair still stable above 123.30 to form additional support against the recent negative trades, to notice surrendering to the sideways bias domination temporarily by fluctuating below 124.40.
We recommend waiting to gather the additional negative momentum and crawling below the current support to confirm moving into new negative track, to increase the chances of recording additional targets that might extend towards 122.70 followed by 122.25 levels in the near term and medium term period.
The expected trading range for today is between 124.40 and 122.75
The expected trend for today: Bearish
The GBPJPY renews the negative attempts – Analysis – 21-9-2020
No escape to the GBPJPY pair from resuming forming new negative trades, due to its frequent consolidation below the initial barrier 136.65, besides getting continuous negative momentum by the major indicators.
We expect targeting 38.2% Fibonacci correction level soon at 133.70, while surpassing it might extend losses towards 31.90 followed by reaching the psychological barrier at 130.00.
The expected trading range for today is between 135.85 and 133.70
The expected trend for today: Bearish
Platinum settles within temporary sideways track – Analysis – 21-9-2020
No news for Platinum price that remains stable within the temporary sideways range due to its stability above the initial support 915.00, while 980.00 continues to form barrier against the main bullish attempts.
These factors confirm surrendering to the sideways bias domination, waiting to surpass 980.00 to reinforce the continuation of the positivity that might target 1040.00 initially, followed by reaching 1105.00 in the upcoming period.
The expected trading range for today is between 920.00 and 980.00
The expected trend for today: Fluctuated within the bullish range
Copper price continues the attempt to rise – Analysis – 21-9-2020
Copper price gained strong positive momentum recently after stochastic reached the overbought areas, to reinforce the affection by the bullish bias domination, noticing recording 3.1035 level, while the frequent stability within the bullish channel besides the stability of 3.000 support will increase the chances of surpassing 3.1200 level to open the way to record new targets that might extend to 3.1800 and 3.3000 levels.
The expected trading range for today is between 3.0000 and 3.1800
The expected trend for today: Bullish