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The EURJPY fluctuates within the bullish track – Analysis – 1-3-2024
The EURJPY pair still affected by stochastic negativity to force it to postpone the bullish rally and provide mixed trades within the bullish channel, to notice touching 161.68 level yesterday and rallying to settle near 162.50 again.
The price needs gathering new positive momentum to manage to activate the bullish track and assure the importance to surpass 163.25 barrier and open the way to record new gains that might extend towards 163.80 and 164.25.
The expected trading range for today is between 162.10 and 163.20
The expected trend for today: Bullish
The GBPJPY hits the target – Analysis – 1-3-2024
The GBPJPY pair resumed the correctional decline yesterday to achieve the target at 188.90, which forms key additional support to interpret the quick rebound towards 190.00.
MorePlatinum price needs positive momentum – Analysis – 1-3-2024
Platinum price repeated the fluctuation above the additional support at 875.00, to notice forming weak sideways trades due to the lack of the required positive momentum to motivate the previously suggested bullish rally, while the sideways bias domination might extend until gathering the required momentum to ease the mission to reach the positive stations that might start at 893.00 followed by reaching the additional resistance at 904.00.
MoreCopper price repeats the negative closings – Analysis – 1-3-2024
Despite copper price recent weak trades, the frequent closings below 3.8900 resistance line support the chances of renewing the negative attempts that might target 3.7800 soon, followed by reaching the initial support at 3.7300.
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