The EURJPY provides negative signal – Analysis – 25-7-2022
The EURJPY pair provided negative signal by crawling below 140.10 level that formed the extension of the additional support, to hint surrendering to the domination of the correctional bearish bias again by reaching 138.70.
In case trades continued to consolidate below the broken support and getting negative momentum by stochastic, these factors allow us to suggest more negative trades that might target 138.50 followed by reaching 136.70 levels, to test 38.2% Fibonacci correction level.
The expected trading range for today is between 139.70 and 138.50
The expected trend for today: Bearish
The GBPJPY moves away from the resistance – Analysis – 25-7-2022
The GBPJPY pair surrendered to the negative pressures, forming strong negative wave to settle near 163.20 level, affected by stochastic current negativity, while the price move from 165.30 level will increase the chances of resuming the decline, which allows us to wait to touch 162.00 level, and breaking this obstacle might extend losses towards 161.30 followed by 159.85 levels.
The expected trading range for today is between 163.80 and 162.00
The expected trend for today: Bearish
Platinum price keeps the correctional bullish bias – Analysis – 25-7-2022
No change to the platinum price correctional bullish track that keeps consolidated above 830.00 that forms the major support against the current trades, also, stochastic attempt to provide the positive momentum will assist to renew the bullish attempts that might target 900.00 followed by reaching the additional barrier at 930.00.
The expected trading range for today is between 850.00 and 900.00
The expected trend for today: Bullish
Copper price needs new positive momentum – Analysis – 25-7-2022
Copper price didn’t record any new positive target until this moment due to the lack of the positive momentum, which assists to activate the sideways track and settle near 3.3200, while in general, the bullish overview will remain valid as long as 3.1300 support line remains intact, to expect gathering the positive momentum and target 3.50000 followed by 3.6300 levels in the medium term period.
On the other hand, declining below the mentioned support and getting negative close will reinforce the domination of the bearish bias, which increases the chances of recording new negative targets that might start at the psychological barrier at 3.0000.
The expected trading range for today is between 3.2400 and 3.5000
The expected trend for today: Bullish