The EURJPY fluctuates within the bearish track – Analysis – 8-10-2021
The EURJPY price reacted to stochastic positivity recently, forming new positive rally, to surpass 129.10 and hint postponing the negative attack, expecting to move towards the bearish channel’s resistance at 129.50 followed by monitoring the price behavior to manage to confirm the next trend.
The stability below the mentioned resistance will reinforce the continuation of the negativity that might target 128.05 initially, while surpassing the resistance and holding above it allows us to suggest forming strong bullish trades, to expect targeting 129.80 followed by 130.85 levels.
The expected trading range for today is between 129.50 and 128.80
The expected trend for today: Bearish
The GBPJPY provides positive signal – Analysis – 8-10-2021
The GBPJPY pair begins to provide bullish wave, attempting to surpass 152.10 barrier, to increase the chances to resume the previously expected bullish attack, reminding you that the price consolidation within the bullish channel and getting positive momentum by the major indicators allow us to wait to record new positive targets that might extend towards 152.80 and 153.45.
The expected trading range for today is between 151.80 and 152.80
The expected trend for today: Bullish
Platinum threats the bearish track – Analysis – 8-10-2021
Platinum price formed new bullish wave yesterday to fluctuate above the bearish channel’s resistance at 982.00, touching 998.20, to increase the chances of exiting the negative track and start to form bullish trades in the near term and medium term period.
Confirming the breach requires getting new positive close above 980.00 level in the upcoming four hours, followed by waiting to achieve some targets by moving towards 1005.00 and 1030.00.
The expected trading range for today is between 980.00 and 1005.00
The expected trend for today: Bullish
No news for copper price – Analysis – 8-10-2021
Copper price lack of the negative momentum led to renew the sideways fluctuation to notice its stability near the moving average 55 at 4.2600, reminding you that it is important to hold below 4.3800 resistance to confirm the continuation of the negativity and wait to gather the negative momentum again, to manage to achieve some negative targets by crawling towards 4.1500 and 4.0500 levels in the near term period.
The expected trading range for today is between 4.3200 and 4.1500
The expected trend for today: Bearish