|
The EURJPY moves within temporary sideways track – Analysis – 12-5-2021
The EURJPY pair formed temporary sideways trades by settling near 132.00 until gathering the additional positive momentum, to confirm the continuation of the previously suggested positivity, as continuing the settle above the bullish channel’s support line near 130.70 and 131.50 level forming additional support allow us to wait to achieve new positive targets that might start at 133.40 followed by reaching the key resistance at 134.25.
The expected trading range for today is between 131.50 and 133.00
The expected trend for today: Bullish
Thanks for your feedback.
The GBPJPY prepares for new rise – Analysis – 12-5-2021
The GBPJPY pair provided new positive close above 152.90 yesterday, to form additional support against the bullish trades in order to reinforce the bullish track that targets the bullish channel’s resistance at 154.80.
MorePlatinum moves within tight track – Analysis – 12-5-2021
No change to Platinum price sideways temporary fluctuation to notice its stability near 1235.00 level without recording any new positive target, reminding you that the stability above the initial support 1195.00 and stochastic attempt to provide the positive momentum will increase the chances of forming bullish rally, to expect reaching 1300.00 followed by 1350.00 levels.
MoreCopper price faces the negative pressures – Analysis – 12-5-2021
Copper price still lacks the positive momentum after stochastic exit from the overbought areas, while that didn’t affect its positive stability to notice its continuous fluctuation above the extended support at 4.7000 in order to find a chance to resume the bullish attack and record the additional targets at 5.0000 and 5.2200 levels.
More