The EURJPY needs new momentum – Analysis – 1-4-2022
The EURJPY pair continued to fluctuate above the additional support near 134.70 to confirm its affect by the domination of the previously suggested bullish bias, while the contradiction between the major indicators decreases the strength of the bullish rally, to notice fluctuating near 135.50 within recording any new positive target.
Therefore, we are waiting to gather the additional positive momentum to assist to ease the mission of reaching the additional stations near 136.80 followed by reaching 137.55.
The expected trading range for today is between 135.00 and 137.55
The expected trend for today: Bullish
The GBPJPY resists the negative pressures – Analysis – 1-4-2022
The GBPJPY pair started to resist the negative pressures, taking advantage of the main stability within the bullish channel, noticing forming bullish wave recently and settling near 161.00, while we need to note that it is important to surpass the additional barrier at 161.50 to increase the efficiency of the bullish track to open the way to target positive stations that start at 162.40 and 163.40.
On the other hand, the continuous stability below the mentioned barrier will assist to renew the correctional bearish attempts, reminding you that the initial targets are located at 159.30 and 158.00.
The expected trading range for today is between 161.50 and 159.30
The expected trend for today: Bearish
Platinum price forms temporary sideways fluctuation – Analysis – 1-4-2022
Platinum price failed to resume its negative attack, affected by the stability of the additional support 950.00 to force it to form some sideways trades by settling near the moving average 55.
In general, the continuous stability below 1040.00 assists to confirm the domination of the bearish bias for the upcoming period, to keep waiting to break the current support and open the way to target new negative stations that might start at 908.00, while surpassing it will confirm moving into new bearish track.
The expected trading range for today is between 1010.00 and 950.00
The expected trend for today: Bearish
Copper price prepares to decline – Analysis – 1-4-2022
Copper price has no escape from beginning the waited correctional bearish attack, due to the continuous stability below 4.8100 barrier to hinder any chance to resume the rise for now, thus, we will keep our negative overview that targets 4.5000 initially followed by reaching the main support at 4.2800.
The expected trading range for today is between 4.8100 and 4.5000
The expected trend for today: Bearish