|
The EURJPY confirms the positivity – Analysis – 2-5-2023
The EURJPY pair confirmed moving to the bullish track by providing positive close above the bullish channel’s support line at 150.40, to notice its approach to the first positive target at 151.45.
Facing continuous positive pressures will ease the mission of resuming the rise, to expect targeting new positive stations soon, which might start at 152.15 and 153.55.
The expected trading range for today is between 150.80 and 152.00
The expected trend for today: Bullish
Thanks for your feedback.
The GBPJPY continues to rise – Analysis – 2-5-2023
The GBPJPY pair continued to form strong bullish waves, confirming its surrender to the domination of the bullish bias, to notice its approach to the first additional target at 172.50, reminding you that the main stability within the bullish channel that appears on the chart and 169.25 forming continuous additional support allow us to suggest more bullish attempts in the near term and medium term period to surpass 172.50 level and record additional gains by moving towards 173.65 and 174.70 levels.
MorePlatinum price approaches the target – Analysis – 2-5-2023
Platinum price resumed its negative attack to approach the negative target at 1040.00, taking advantage of the negative momentum caused by stochastic reach to the oversold areas.
MoreNo news for copper price – Analysis – 2-5-2023
No news for copper price until this moment due to the lack of the negative momentum, to notice testing the MA55 at 3.9700 and holding below it, reminding you that the stability of the additional barrier 4.0200 forms major factor to confirm the domination of the bearish bias for the upcoming trading, which allows us to wait to gather the negative momentum to manage to form new bearish waves to target the main negative stations near 3.7000 and 3.5000.
More