The EURJPY begins to decline – Analysis – 27-7-2022
The EURJPY pair surrendered to the domination of the bearish bias, to keep its negative stability below 140.20 resistance and notice suffering some losses by crawling towards 138.80, also, stochastic continuous negative momentum will increase the chances of resuming the negative attack that might target 136.75 level soon, and breaking this obstacle will extend trades towards 135.10 as a next target for the bearish bias.
The expected trading range for today is between 139.00 and 137.25
The expected trend for today: Bearish
The GBPJPY fluctuates below the barrier – Analysis – 27-7-2022
The GBPJPY pair kept its negative stability below the additional barrier 165.40, to increase the chances of activating the correctional bearish track again, while gathering the negative momentum will ease the mission of reaching the negative stations that start at 163.40 and 162.60.
On the other hand, breaching the barrier and providing positive close will reinforce the domination of the bullish bias, which allows us to wait to achieve frequent positive targets that might start at 166.20 and 167.00 levels.
The expected trading range for today is between 165.40 and 163.40
The expected trend for today: Bearish
Platinum price is slow – Analysis – 27-7-2022
Platinum price provided slow trades recently to postpone the waited bullish attack, to settle near 870.00, reminding you that the frequent positive stability above the key support at 830.00 forms the major factor to reinforce the domination of the bullish track for the upcoming period.
Therefore, we will keep waiting to gather the additional positive momentum to assist to renew the bullish attempts until reaching the positive stations at 900.00 and 925.00.
The expected trading range for today is between 850.00 and 900.00
The expected trend for today: Bullish
Copper price continues the positive attempts – Analysis – 27-7-2022
Copper price still keeping the correctional bullish attempts, affected by the frequent stability of 3.1300 support line, in addition to stochastic attempt to provide the positive momentum, to approach the first target at 3.5000.
We assure the importance of surpassing the current barrier that forms the key to resume the bullish attack, to expect achieving additional gains that might extend towards 3.6300 and 3.8500 levels.
The expected trading range for today is between 3.2800 and 3.6300
The expected trend for today: Bullish