The EURJPY repeats the fluctuation within the bullish track – Analysis – 7-4-2021
No news for the EURJPY pair trading until this moment, to notice its fluctuation within the bullish channel’s level, and its leans on the positive momentum at 130.30, so the stability of the main support at 129.20 and the continuation of the attempt of providing positive momentum by the main indicators, which form confirming factors for the positivity, to expect surpassing 130.75 level, reaching 131.60 and 132.70 directly.
The expected trading range for today is between 129.80 and 130.75
The expected trend for today: Bullish
The GBPJPY rests – Analysis – 7-4-2021
The GBPJPY pair began gathering gains, attempting to rest after achieving 153.40, to notice its fluctuation near the support level near 151.70.
And that will not affect the main bullish track due to the stability of 150.10 level, to form an important support against the current fluctuation, therefore, we will keep waiting for gathering extra positive momentum, which increases the chances for recording new positive targets that might extend to 153.90 reaching to the bullish channel’s resistance at 154.60.
The expected trading range for today is between 151.50 and 153.30
The expected trend for today: Bullish
Platinum in its way to renew the bullish attempts – Analysis – 7-4-2021
Platinum price formed a strong bullish rally yesterday, to surpass 50% Fibonacci correction level at 1230.00, announcing its readiness to resume the bullish attempts again.
Note that the price stability within the bullish channel’s levels and stochastic attempt to provide positive momentum, so that will increase the chances for reaching 1285.00 that represents the initial positive station, and surpassing it might extend the trading to 1385.00 in the upcoming period.
The expected trading range for today is between 1190.00 and 1280.00
The expected trend for today: Bullish
Copper price gains a new positive momentum– Analysis – 7-4-2021
Copper price gained a new positive momentum by stochastic approach from 80 level, reinforcing the bullish attempts, to keep waiting for targeting 4.2700 level, which represents the extension of the bullish channel’s resistance that appears in the above image.
Note that the price decline below the extra support at 3.8810 will confirm delaying the bullish attack, to expect suffering extra losses that might extend to 3.7000, to press on the main bullish channel’s support.
The expected trading range for today is between 4.0500 and 4.2700
The expected trend for today: Bullish