The EURJPY is confined with many negative factors – Analysis – 15-7-2021
The EURJPY pair has to escape to decline, due to negative factors that start by settling below 131.10 barrier in addition to the major indicators that agree to provide the negative momentum now.
Therefore, we will continue to suggest the domination of the bearish bias, expecting to break 129.60 to reach the additional target at 128.75 followed by reaching 126.60 in the medium term period.
The expected trading range for today is between 130.70 and 129.00
The expected trend for today: Bearish
The GBPJPY hovers around the initial support – Analysis – 15-7-2021
The GBPJPY pair returned to fluctuate near the initial support 151.80 due to stochastic stability below 80 level, to hinder the previously expected bullish rally.
The continuous stability above the current support allows us to expect the beginning of gathering the positive momentum, to manage to form bullish rally and repeat the attempts to reach 153.40 followed by pressing on 154.40 barrier in order to confirm the continuation of the positivity for the upcoming trading.
The expected trading range for today is between 151.80 and 154.50
The expected trend for today: Bullish
Platinum repeats the pressure on the resistance – Analysis – 15-7-2021
Platinum price surrendered to stochastic positivity yesterday, to notice renewing the pressure on the main resistance at 1136.00, while the upcoming scenario depends on the strength of this resistance, to expect renewing the negative attempts and wait to reach 1090.00 followed by 1035.00.
On the other hand, facing continuous positive pressures and breaching the mentioned resistance will confirm regaining the bullish bias by moving within the bullish channel again, followed by expecting to form strong bullish rally that might push it to reach 1160.00 and 1195.00 levels initially.
The expected trading range for today is between 1036.00 and 1090.00
The expected trend for today: Bearish
Copper price continues the sideways fluctuation – Analysis – 15-7-2021
Copper price failed to resume the correctional bearish attempts, affected by leaning above the moving average 55 at 4.2100, noticing the price move within tight track due to the stability of 4.4100 barrier.
Note that stochastic continuous negative momentum signals allow us to keep the correctional negative overview, expecting to break the mentioned barrier and reach the bullish channel’s support line as a main target at 4.0900.
The expected trading range for today is between 4.3600 and 4.2100
The expected trend for today: Sideways