The EURJPY needs new momentum – Analysis – 21-7-2022
Despite the EURJPY pair’s recent consolidation within the bullish track that depends on 140.10 level forming major support, the lack of the positive momentum assists to reinforce the domination of the sideways bias temporarily, to settle near 141.30 without recording any new positive target.
These factors allow us to wait to gather the positive momentum to ease the mission of reaching 142.20 level, to form the first main target of the bullish trades, also, breaching this obstacle will allow the price to achieve additional gains that might extend towards 142.90 and 143.85.
The expected trading range for today is between 140.50 and 142.20
The expected trend for today: Bullish
The GBPJPY awaits the breach – Analysis – 21-7-2022
The GBPJPY pair still affected by the domination of the temporary sideways bias due to its fluctuation below the additional barrier 166.00, which hinders the attempts to resume the previously suggested bullish attack.
We remind you that it is important to hold above the additional support 164.60 to increase the efficiency of the bullish attempts, waiting to achieve the required breach to reach the positive stations at 167.10 and 167.85 direct.
The expected trading range for today is between 165.30 and 167.10
The expected trend for today: Bullish
Platinum price is forced to fluctuate – Analysis – 21-7-2022
Platinum price lost its positive momentum after stochastic declined near 50 level, to force it to form new sideways fluctuation and settle near 855.00, expecting the stability of 830.00 support line to renew the correctional bullish attempts to increase the chances of reaching the positive stations represented by 900.00 and 925.00 levels.
On the other hand, facing strong negative pressures and crawling below the mentioned support will force it to form strong negative attack to suffer more losses by moving towards 780.00 initially followed by reaching the next support at 740.00.
The expected trading range for today is between 840.00 and 900.00
The expected trend for today: Bullish
Copper price keeps the correctional track – Analysis – 21-7-2022
Copper price formed some sideways fluctuation yesterday, affected by the continuous contradiction of the moving average 55 negativity against stochastic attempt to provide positive momentum, to settle near 3.2800 within achieving any new positive target.
In general, the correctional bullish overview will remain valid as long as 3.1300 support line remains intact, waiting to react to stochastic positivity to increase the chances of reaching the next target at 3.5000.
The expected trading range for today is between 3.2000 and 3.5000
The expected trend for today: Bullish