The EURJPY might resume the decline – Analysis – 24-6-2022
The EURJPY pair moved away from 144.25 recorded high, forming strong correctional bearish waves to consolidate below 142.25, affected by stochastic negativity, to increase the chances of resuming the correctional decline for now.
We expect to move towards 141.30 soon, while the continuous negative pressures might push the price to suffer new losses by crawling towards 140.65 and 140.00 levels.
The expected trading range for today is between 142.50 and 140.65
The expected trend for today: Bearish
Copper price continues to decline – Analysis – 24-6-2022
Copper price kept its negative stability to continue providing the negative trades, approaching 61.8% Fibonacci correction level at 3.6800, while the negativity is caused by the stability of 3.9300 barrier, in addition to stochastic consolidation within the oversold areas, to increase the negative pressures on the upcoming trades.
Note that succeeding to break 3.6800 and holding below it will reinforce the continuation of the negativity, to open the way to target new negative stations that might start at 3.5300.
The expected trading range for today is between 3.8200 and 3.6300
The expected trend for today: Bearish
Platinum price achieves the break – Analysis – 24-6-2022
Platinum price took advantage of the frequent negative pressures by forming new bearish wave to settle below the key support 920.00, to hint moving to the bearish track by achieving 906.00 level.
The above chart shows stochastic attempt to crawl towards the oversold areas, to increase the chances of gathering the negative momentum, to continue suggesting the negative attempts until reaching 890.00 and 855.00 levels.
The expected trading range for today is between 925.00 and 860.00
The expected trend for today: Bearish
The GBPJPY loses the positive momentum – Analysis – 24-6-2022
The GBPJPY pair kept the chances of forming additional correctional trades by settling below 166.00, also, stochastic exit from the overbought areas assist to provide the negative momentum to keep our negative overview until reaching 164.10 that forms the first main target of the bearish bias.
The expected trading range for today is between 166.00 and 164.10
The expected trend for today: Bearish temporarily