The EURJPY provides negative signal – Analysis – 2-12-2022
The EURJPY pair started today by forming new negative wave to settle below the bullish channel’s support line at 142.10, hinting moving to the bearish track by touching 141.80 level.
Note that it is important to provide negative closings below the broken support to react to the major indicators’ negativity by moving towards 140.40 level, followed by reaching the first main target at 140.30.
The expected trading range for today is between 142.40 and 140.40
The expected trend for today: Bearish
The GBPJPY hits the moving average – Analysis – 2-12-2022
The GBPJPY pair touched the next negative target at 164.50 yesterday, to hint the moving average 55 that continues the attempts to form additional support, which led to form quick rebound towards 165.70.
Note that the correctional negative attempts will remain valid as long as 166.80 barrier remains intact, also, stochastic attempts to provide the negative momentum by settling near 20 level, allowing us to keep the negative overview and expect breaking 164.50 level to target new negative stations that start at 164.00 and 163.10.
The expected trading range for today is between 165.50 and 164.00
The expected trend for today: Bearish
Platinum price awaits to confirm the breach – Analysis – 2-12-2022
Platinum price ended yesterday by consolidating near 1040.00 barrier, to keep waiting to confirm the beach and hint its preparation to resume the bullish attack, reminding you that it is important to settle above the additional support 1010.00 to confirm blocking trades within the bullish track, to keep waiting to record the additional targets that might start at 1070.00 and 1105.00.
Also, stochastic continues to fluctuate within the overbought areas to assist to provide the required additional positive momentum to achieve the suggested targets.
The expected trading range for today is between 1010.00 and 1070.00
The expected trend for today: Bullish
Copper price keeps the positivity – Analysis – 2-12-2022
Copper price trades within the bullish track until this moment by settling above 3.700 level, attempting to resume recording the target by approaching 3.8500 level, noting that the major indicators continue to provide the positive momentum to assist to surpass the current target and reach 4.0500.
On the other hand, declining below 3.7000 and getting negative close will force the price to postpone the positivity and suffer some losses by crawling towards 3.5000.
The expected trading range for today is between 3.7000 and 3.8500
The expected trend for today: Bullish