The EURJPY repeats the positive closings – Analysis – 15-8-2019
The EURJPY pair remains stable positively above the bearish channel’s support at 117.43, to increase the chances for forming a bullish correctional rebound in the near and medium period, when the price gains the positive momentum we expect reaching to 120.65, to press on 121.05 level, which formed a strong barrier against the last negative attempts.
While suffering strong negative pressures and reaching below the current support, so that will confirm its readiness to resume the negative attack, to suffer more of the losses by reaching 116.60 then to the historical support at 114.85.
The expected trading range for today is between 117.43 and 120.00
The expected trend for today: Bullish
No change for Copper price – Analysis – 15-8-2019
Copper price moves slowly since the last period, affected by the continuation of the main indicators contradiction, but the repeated stability below the resistance at 2.6200 supports our bearish suggestion, which targets 2.5500 level reaching to 38.2% Fibonacci correction level at 2.4660.
The expected trading range for today is between 2.6200 and 2.5500
The expected trend for today: Bearish
Platinum declines slowly – Analysis – 15-8-2019
Platinum price kept its negative stability within the bearish channel, responding to the strength of the resistance that is located at 870.00, by forming some of the negative fluctuated moves approaching from the initial target at 840.00, the continuation of the negative pressures will increase the chances for reaching to the initial support at 792.00, to monitor its behavior then detect the expected targets in the upcoming period.
The stability of the moving average 55 near the main resistance confirms the price confinement within the negative range, which increases the negative pressures, to ease the price mission to reach the waited target.
The expected trading range for today is between 860.00 and 792.00
The expected trend for today: Bearish
The GBPJPY tends to the negativity – Analysis – 15-8-2019
The GBPJPY pair ended the bullish correctional rebound by providing a negative stability below the resistance at 130.00, to support the continuation of the negativity, to notice its decline to 127.65, and reaching below the support at 126.50 is important to open the way towards recording new negative targets that might begin at 124.85 and 123.25.
While the price rally above the current resistance, so that will delay the negative attack, which forces it to resume the bullish correction, targeting some positive levels by reaching 131.70 followed by the extended resistance at 133.00.
The expected trading range for today is between 128.80 and 126.50
The expected trend for today: Bearish