The EURJPY gets the negative momentum – Analysis – 28-7-2022
The EURJPY pair kept its stability within the correctional bearish track by settling below 140.20 resistance, to notice gathering the negative momentum by stochastic approach to 20 level and record the first negative target at 137.90.
We expect to resume the negative attempts to press on 38.2% Fibonacci correction level near 136.75, while breaking this obstacle will extend trades towards 135.10 as a next main station.
The expected trading range for today is between 139.10 and 137.00
The expected trend for today: Bearish
The GBPJPY repeats the negative closings – Analysis – 28-7-2022
Despite the GBPJPY pair’s attempt to form some positive trades, getting new negative close below 165.30 barrier allows us to keep the negative overview for the near term and medium term period, while gathering the negative momentum will allow the price to continue the negative attack to target 164.00 level initially followed by waiting to move towards 163.40 that forms the first main target for the bearish bias.
We remind you that the price attempt to provide positive close above the current barrier will cancel the negative overview, to start suggesting the bullish attempts and manage to achieve many gains that start at 166.20 and 167.00.
The expected trading range for today is between 165.40 and 163.40
The expected trend for today: Bearish
Platinum price renews its positive action – Analysis – 28-7-2022
Platinum price renewed its positive action by rallying towards 890.00, to approach the first previously suggested target and confirm its surrender to the domination of the bullish bias, while stochastic attempt to crawl towards the overbought areas will increase the chances of achieving new gains that might extend towards 925.00 to test the major resistance followed by monitoring the price behavior due to the importance of this obstacle to detect the next main trend.
The expected trading range for today is between 870.00 and 925.00
The expected trend for today: Bullish
Copper price presses on the barrier – Analysis – 28-7-2022
Copper price took advantage of stochastic positive momentum to notice forming bullish wave that presses on 3.5000 level, which formed the first target of the correctional bullish track.
We recommend waiting to achieve the required breach to reinforce the continuation of the positivity for the upcoming period, to manage to achieve more gains represented by 3.6300 and 3.8500 levels.
The expected trading range for today is between 3.4000 and 3.6300
The expected trend for today: Bullish