The EURJPY holds above the support – Analysis – 25-3-2021
The EURJPY pair ended its correctional bearish attack by providing positive close above the bullish channel’s support line at 128.30 today, expecting to start forming bullish waves to renew the attempts to achieve the targets near 129.20 and 130.10.
On the other hand, facing new negative pressures by crawling below the current support confirms moving to the bearish track, to expect suffering big losses that might start at 127.40 followed by reaching 38.2% Fibonacci correction level at 126.70.
The expected trading range for today is between 128.30 and 129.20
The expected trend for today: Bullish
The GBPJPY continues the correctional decline – Analysis – 25-3-2021
The GBPJPY pair continued to provide correctional bearish trades recently, to notice recording 148.52 level, affected by the temporary negative pressures in addition to the stability of the additional barrier at 150.50.
Therefore, we will continue to suggest the temporary negative trades until touching 147.80 level, to form the main target, followed by monitoring the price behavior due to the importance of this obstacle to detect the next trend for the near term and medium term period.
The expected trading range for today is between 150.00 and 147.80
The expected trend for today: Bearish
Platinum keeps the negative stability – Analysis – 25-3-2021
No change to Platinum price’s correctional bearish track until this moment despite its consolidation within the bullish channel, depending on the stability of 1230.00 barrier, also, stochastic continues to provide the negative momentum by fluctuating below 50 level, to increase the chances of gathering the negative momentum and allow us to wait to achieve the negative targets near 1150.00 and 1105.00.
The expected trading range for today is between 1200.00 and 1150.00
The expected trend for today: Bearish
Copper price gathers new negative momentum – Analysis – 25-3-2021
Copper price gathered new negative momentum after stochastic reached the oversold areas, to confirm the preparation to form strong negative trades in the upcoming period, expecting to surpass 3.9500 and reach the additional support at 3.8810 direct, followed by monitoring the price behavior to manage to detect the next main targets.
The expected trading range for today is between 4.0800 and 3.8810
The expected trend for today: Bearish