The EURJPY postpones the decline – Analysis – 12-12-2022
The EURJPY pair faced mew positive pressures this morning to postpone the decline and form bullish wave to settle near the additional barrier at 144.10.
Note that the continuous positive pressures might force it to surpass the current barrier, to expect forming correctional bullish waves that might push it to achieve some gains by reaching 144.60 followed by pressing on the bearish channel’s resistance at 144.90.
The expected trading range for today is between 143.85 and 144.60
The expected trend for today: Bullish
The GBPJPY touches the first target – Analysis – 12-12-2022
The GBPJPY pair got the positive momentum recently to manage to hold above the additional support 166.80 again, to achieve some positive targets by reaching 168.00 and achieve the first waited target.
Also, the main stability within the bullish channel allows us to suggest more positive trades, to expect targeting 168.80 level soon, while surpassing it will activate the double bottom pattern and reinforce the chances of reaching new positive stations that start at 169.75 and 170.50.
The expected trading range for today is between 166.80 and 168.80
The expected trend for today: Bullish
Platinum price keeps the positivity – Analysis – 12-12-2022
No change to platinum price bullish track that keeps moving within the positive track, depending on the stability of 965.00 support line, while stochastic current positive momentum allows us to expect resuming the bullish attack to press on 1040.00 obstacle, and surpassing it might extend trades towards 1070.00 as a next target for the bullish bias.
The expected trading range for today is between 990.00 and 1040.00
The expected trend for today: Bullish
Copper price seeks the additional momentum – Analysis – 12-12-2022
Copper price returned to form temporary sideways fluctuation by settling near 3.8000, due to the lack of the positive momentum, which contradicts the positivity of the moving average that moves below 3.7000 support line.
We expect to continue forming mixed trades until gathering the positive momentum again, to assist to surpass 3.9500 recorded high and resume achieving the targets by moving towards 4.0500 and 4.1800.
The expected trading range for today is between 3.7000 and 3.9500
The expected trend for today: Bullish