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The EURJPY needs new momentum – Analysis – 18-3-2021
The EURJPY pair kept its positive stability above 129.50, to confirm surrendering to the expected bullish bias domination, noticing its approach to the first additional target at 130.75.
The lack of the positive momentum might force the price to form some sideways fluctuation, waiting to gather the required additional momentum to beach the current barrier to manage to record new targets that might extend towards 131.30 followed by reaching the bullish channel’s resistance near 131.80.
The expected trading range for today is between 129.80 and 131.30
The expected trend for today: Bullish
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The GBPJPY repeats the pressure on the barrier – Analysis – 18-3-2021
The GBPJPY pair returned to form new positive trades to press on 151.90 barrier in order to find a way to resume the main bullish attack, noting that getting more positive momentum by stochastic might confirm postponing the correctional bearish attempts until touching 152.95 level, to form the expected positive target before forming any negative rebound.
MorePlatinum moves within tight range – Analysis – 18-3-2021
Platinum price’s recent trades are confined within tight sideways range, represented by 1230.00 resistance and 1190.00 support.
MoreCopper price still negative – Analysis – 18-3-2021
Copper price didn’t move until this moment, to keep its stability below 4.1700 resistance in order to reinforce the expected bearish track, while stochastic continues to attempt to provide the negative momentum to increase the chances of recording the negative targets around 3.9500 and 3.8810.
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