The EURJPY provides positive signal – Analysis – 19-7-2022
The EURJPY pair provided positive signal yesterday by fluctuating above 140.10 resistance, recording 140.80 level followed by bouncing below the resistance line due to the lack of the positive momentum until this moment.
These factors support the chances of regaining the bullish bias, while that requires providing positive close above the mentioned resistance to manage to continue rising and record more positive gains by reaching 141.40 and 142.30 levels.
The expected trading range for today is between 139.50 and 141.40
The expected trend for today: Bullish
The GBPJPY begins with positive action – Analysis – 19-7-2022
The GBPJPY pair took advantage of the stability of the additional support at 163.40 to surrender to the major indicators’ positivity by rallying above 164.60 obstacle in order to confirm renewing the bullish scenario for the near term and medium term period by touching 166.05 level.
Stochastic continuous positive crawl will increase the chances of gathering the positive momentum to manage to resume the bullish attempts by surpassing 166.15 level and reach the next positive target at 167.10.
The expected trading range for today is between 164.40 and 166.10
The expected trend for today: Bullish
Platinum price hits the first correctional target– Analysis – 19-7-2022
Platinum price took advantage of stochastic positive rally above 50 level to notice providing correctional bullish trades to achieve the first positive correctional target by reaching 880.00.
The stability of the additional support at 830.00 allows us to renew the bullish attempts and manage to surpass 880.00 obstacle to achieve many positive gains by reaching 900.00 and 925.00 levels.
The expected trading range for today is between 840.00 and 900.00
The expected trend for today: Bullish
Copper price repeats the positive closings – Analysis – 19-7-2022
Copper price kept its positive stability above 3.1300 support line to increase the chances of providing correctional bullish trades, in order to decrease the losses caused by rallying towards 3.3500 followed by reaching 50% Fibonacci correction level at 3.5000.
The chart shows that stochastic settles above 50 level, to increase the chances of gathering the positive momentum to ease the mission of reaching the mentioned positive targets.
The expected trading range for today is between 3.2000 and 3.5000
The expected trend for today: Bullish