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The EURJPY rebounds above the support – Analysis – 29-10-2021

Economies.com
2021-10-29 08:44AM UTC

The EURJPY price started to recover from the losses by rallying above the initial support at 132.00, to notice recording some positive targets by touching 132.65 level, while the continuous stability of the current support line supports the attempt to renew the bullish attack, to expect providing new pressure on 133.60 barrier in order to find a way to resume the bullish attack in the upcoming period.

 

On the other hand, the price return to fluctuate below the mentioned support will force it to renew the correctional bearish attempts, to expect suffering additional losses by moving towards 130.85.

 

The expected trading range for today is between 132.00 and 133.20

 

The expected trend for today: Bullish

The GBPJPY fluctuates below the barrier – Analysis – 29-10-2021

Economies.com
2021-10-29 08:44AM UTC

Despite the GBPJPY pair recent weak trades, the frequent stability below the additional barrier 157.40 reinforces the expected correctional bearish overview.

 

Stochastic continues to provide the negative momentum to increase the chances of forming negative trades soon, to expect crawling below 155.90 level and start recording the major targets near 155.30 and 154.50.

 

The expected trading range for today is between 157.40 and 155.30

 

The expected trend for today: Bearish

Platinum continues to postpone the positivity – Analysis – 29-10-2021

Economies.com
2021-10-29 08:43AM UTC

Platinum price confirmed postponing the bullish attack by consolidating at 1040.00 level in addition to getting continuous negative momentum by the major indicators, to settle near 1020.00.

 

We remind you that the main negative target is located at 1000.00, which forms the extension of the key support, to monitor its behavior after touching this support due to its importance of detecting the next main trend.

 

The expected trading range for today is between 1040.00 and 1000.00

 

The expected trend for today: Bearish temporarily

Copper price is confined within tight track – Analysis – 29-10-2021

Economies.com
2021-10-29 08:42AM UTC

The contradiction between the major indicators continued recently, which pushed copper price to form weak sideways trades and confine between 4.3050 support and 4.5300 resistance.

 

Stochastic attempt to exit the oversold areas will increase the chances of gathering the positive momentum, to manage to renew the pressure on the mentioned barrier, while declining below the support will confirm moving to the bearish track, expecting to suffer big losses that might start at 4.0600.

 

The expected trading range for today is between 4.3000 and 4.5300

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/JPY today?

The price of EUR/JPY is $170.2245 (2025-07-04 01:55AM UTC)