The EURJPY holds above the additional support – Analysis – 4-4-2022
No change to the EURJPY pair’s bullish track until this moment, due to the positive stability above 134.80 support line, expecting to get positive momentum by stochastic to target new positive levels that might start at 136.80 followed by repeating the pressure on 137.55 obstacle.
Note that crawling below the current support and getting negative close below it will increase the chances of forming correctional bearish trades, to suffer some losses by moving towards 134.10 and 133.60.
The expected trading range for today is between 135.00 and 137.55
The expected trend for today: Bullish
The GBPJPY fluctuates below the additional barrier – Analysis – 4-4-2022
No change to the GBPJPY pair’s correctional bearish track until this moment, as it settles below 161.50 barrier, also, stochastic continues to provide the negative momentum to allow us to suggest the bearish track and wait to achieve the negative targets at 159.30 followed by reaching the additional support at 157.90.
Note that succeeding to breach the mentioned barrier and holding above it will cancel the negative overview and allow it to continue rising to start targeting the positive stations at 162.10 and 163.30.
The expected trading range for today is between 161.50 and 159.30
The expected trend for today: Bearish
Platinum price under the negative pressure – Analysis – 4-4-2022
Platinum price still affected by the negative pressures, starting by the moving average 55 that forms additional barrier near 1008.00, in addition to stochastic reach to the oversold areas.
These factors allow us to wait to break the current support at 950.00 to expect moving towards the major support 908.00 followed by monitoring the price behavior due to the importance of this support to determine the next main trend.
The expected trading range for today is between 1010.00 and 950.00
The expected trend for today: Bearish
Copper price repeats the negative closings – Analysis – 4-4-2022
Copper price still stable negatively below 4.8100 barrier, to reinforce the domination of the previously suggested correctional bearish bias, also, stochastic begins to provide the negative momentum to support the bearish track, to keep waiting to achieve the main targets at 4.5000 followed by reaching the major support at 4.2800.
The expected trading range for today is between 4.8100 and 4.5000
The expected trend for today: Bearish