The EURJPY repeats the negative closings – Analysis – 15-7-2022
The EURJPY pair provided new negative close yesterday below 139.85 resistance line, to reinforce the continuation of the previously suggested negativity, also, stochastic begins to decline to increase the chances of getting the negative momentum, to ease the mission of reaching the negative stations that might start at 137.80 followed by reaching the additional support 136.75.
The expected trading range for today is between 139.60 and 137.80
The expected trend for today: Bearish
The GBPJPY fluctuates below the barrier – Analysis – 15-7-2022
The GBPJPY pair still confined within the sideways range represented by 164.60 resistance and 161.90 support that hinders the recent negative attempts.
Now, the fluctuation below the mentioned resistance allows us to suggest the negative trades that might target 161.90 mainly, noting that breaking this support will force the price to suffer more losses in the medium term period, to target 159.80 as a first main station, followed by reaching 158.00.
The expected trading range for today is between 164.60 and 162.00
The expected trend for today: Bearish
Platinum price gets the negative momentum – Analysis – 15-7-2022
Platinum price got the required additional negative momentum after stochastic approached the oversold areas, to confirm surrendering to the domination of the bearish bias and wait to record the initial targets near 805.00 and 780.00.
Also, the stability of the additional barrier at 875.00 confirms blocking trades within the negative trades, which assist to activate the negative attack until reaching the suggested targets.
The expected trading range for today is between 855.00 and 805.00
The expected trend for today: Bearish
Copper price hits the second target – Analysis – 15-7-2022
Copper price continued to form strong negative trades to move towards the second target at 3.1300 that keeps forming 61.8% Fibonacci correction level and hinder the negative attempts by forming new support as appears on the chart.
We expect to form temporary sideways trades with chances to rebound towards 3.3000 level, while stochastic continues negative momentum and the price attempt to move below this support will confirm moving to new negative track and suffer more losses by moving towards 2.9700 first.
The expected trading range for today is between 3.2500 and 3.1000
The expected trend for today: Sideways