The EURJPY repeats the positive closings – Analysis – 1-4-2021
The EURJPY pair repeated the positive closings within the bullish channel, to notice its fluctuation near 129.70, attempting to gather the required additional positive momentum to breach 131.10 barrier.
We remind you that succeeding to hold above 130.10 will increase the chances of recording new positive targets by rallying towards 130.70 followed by 131.30 levels.
The expected trading range for today is between 129.30 and 130.70
The expected trend for today: Bullish
The GBPJPY keeps the positivity – Analysis – 1-4-2021
The GBPJPY pair confirmed keeping the domination of the bullish bias by fluctuating above 151.90 level, to notice its approach to the next positive station at 152.95, while facing continuous positive pressures might increase the chances of moving towards the main bullish channel’s resistance at 154.10, to form the last target of the current bullish track.
On the other hand, bouncing negatively and closing below 151.91 will push the price back to the correctional bearish track, to start taking profits by targeting 150.10 followed by reaching 147.80 levels in the upcoming period.
The expected trading range for today is between 151.90 and 154.00
The expected trend for today: Bullish
Platinum settles within sideways track – Analysis – 1-4-2021
Platinum price failed to resume the correctional bearish track, to notice its rally towards the initial barrier 1195.00 and postpone the negative trades temporarily.
We remind you that the bearish scenario will remain valid as long as 1230.00 remains intact, which forms strong resistance, to keep waiting to gather the additional negative momentum and start achieving the targets by moving towards 1105.00 and 1070.00 levels.
The expected trading range for today is between 1210.00 and 1150.00
The expected trend for today: Fluctuated within the bearish track
Copper price crawls bearishly – Analysis – 1-4-2021
No change to Copper price bearish track, to notice the beginning of crawling negatively and settle near 3.9700, while the weak trades are caused by the continuous contradiction between the major indicators, while the frequent negative stability below the main resistance 4.2400 confirms the bearish overview, to keep waiting to record the main targets at 3.8810 and 3.6700.
The expected trading range for today is between 4.1100 and 3.8810
The expected trend for today: Bearish