The EURJPY fluctuates below the resistance – Analysis – 18-7-2022
No change to the EURJPY pair’s negative track due to the frequent consolidation below 140.10 resistance line, to increase the chances of forming new bearish waves now, also, stochastic attempt to provide the negative momentum will increase the chances of renewing the negative attempts, to keep waiting to reach 138.30 followed by pressing on 136.75 obstacle.
The expected trading range for today is between 140.10 and 138.30
The expected trend for today: Bearish
The GBPJPY tends towards the positivity – Analysis – 18-7-2022
The GBPJPY pair repeated the positive pressures on 164.60 barrier in order to find a way to regain the bullish bias, while the price gets its positive momentum by stochastic approach to 80 level, to increase the chances of achieving the required breach and reach the positive stations near 165.70 and 167.00.
Note that it is important to hold above the additional support 163.40 to increase the efficiency of the bullish attempts, waiting to achieve the required breach and confirm reaching the positive stations in the medium term and medium term period.
The expected trading range for today is between 163.80 and 165.70
The expected trend for today: Bullish
Platinum price faces the negative pressures – Analysis – 18-7-2022
Platinum price kept its consolidation above 830.00 level, attempting to face the negative pressures, to notice forming bullish rebound towards 860.00 in order to stop the negative bleeding and start covering some losses that appears recently.
Stochastic assist to reinforce the positive overview, to provide new positive momentum that allows us to expect moving towards 880.00 followed by reaching the major barrier at 925.00 as a main target for the correctional bullish attempts.
The expected trading range for today is between 840.00 and 880.00
The expected trend for today: Bullish
Copper price holds above the support – Analysis – 18-7-2022
Copper price surrendered to the stability of 3.1300 support line, to hinder the negative attempts and notice the beginning of covering some losses by rallying towards 3.2700, expecting the continuation of forming the correctional bullish trades depending on the strength of the support line and stochastic positive momentum for now.
Therefore, we expect the price to move towards 50% Fibonacci correction level at 3.5000 to form the first target of the bullish track.
The expected trading range for today is between 3.2000 and 3.5000
The expected trend for today: Bullish