The EURJPY gets the negative momentum – Analysis – 22-10-2021
The EURJPY price started to get the negative momentum by stochastic exit from the overbought areas, to notice forming correctional bearish wave recently and reach 132.25, reminding you that the frequent stability below 133.60 barrier and the continuous negative momentum by the indicators support more negativity now, to expect crawling below 132.25 and reach 131.50 as a next target.
The expected trading range for today is between 133.20 and 131.80
The expected trend for today: Bearish
The GBPJPY approaches the first target – Analysis – 22-10-2021
The GBPJPY pair surrendered to the stability of the historical resistance at 158.22, to notice forming correctional bearish rebound yesterday and approach the first target at 156.60, while the current positive rebound hints the attempt to gather the additional negative momentum to manage to break 156.60 and target new correctional levels that might extend towards 155.80 followed by reaching 154.50 that will form additional support against the negative trades.
The expected trading range for today is between 157.75 and 155.80
The expected trend for today: Bearish
Platinum gains new positive momentum – Analysis – 22-10-2021
Platinum price succeeded to gather the additional positive momentum due to stochastic approach near 20 level, to support he continuation of the positivity by rallying towards 1060.00, thus, we will keep waiting to form new bullish rally and target 1072.00 initially, while surpassing this obstacle might extend trades towards 1105.00.
The expected trading range for today is between 1040.00 and 1072.00
The expected trend for today: Bullish
Copper price holds above the support – Analysis – 22-10-2021
No change to copper price bullish track as it remains consolidated above the bullish channel’s support line at 4.5450, which might force the price to form sideways fluctuation due to the lack of the positive momentum, to confine trades between the current support and 4.7800.
On the other hand, facing the negative pressures and crawling below the current support will cancel the positive overview, to expect suffering losses by moving towards 4.4200 followed by reaching the moving average 55 at 4.3000.
The expected trading range for today is between 4.5500 and 4.7800
The expected trend for today: Bullish