The EURJPY repeats the positive closings – Analysis – 30-12-2021
The EURJPY pair repeated the positive closings by rallying above 129.80 level, to reinforce the domination of the previously expected bullish bias and notice its fluctuation near 130.35, noting that stochastic continuous positive momentum allows us to suggest more rise that might target 130.80 followed by 131.60 levels.
Any attempt to decline below the mentioned additional support will postpone the bullish attack, to surrender to the domination of the correctional bearish bias, with chances to suffer some losses by moving towards 129.10.
The expected trading range for today is between 129.80 and 130.80
The expected trend for today: Bullish
The GBPJPY returns to the bullish track – Analysis – 30-12-2021
The GBPJPY pair confirmed regaining the bullish bias by consolidating within the bullish channel recently, to move away from the main support at 153.80 and notice the beginning of achieving some gains by reaching 155.33.
Also, 154.50 level forms the additional support to assist to confirm the continuation of the positivity for the upcoming period, to keep waiting to achieve new positive targets that might start at 156.05 and 157.42
The expected trading range for today is between 154.60 and 156.00
The expected trend for today: Bullish
Platinum price awaits the positive momentum – Analysis – 30-12-2021
Platinum price continued to provide weak sideways trades despite its consolidation above 920.00 support line, due to the lack of the positive momentum until this moment, and stochastic exit from the oversold areas, which will increase the chances of gathering the positive momentum to ease the mission of reaching the first positive target at 1002.00 direct.
Note that attempting to crawl below the mentioned support will postpone the bullish attempts, to expect suffering additional losses by declining towards 875.00 and 852.00 levels before recording any new positive target.
The expected trading range for today is between 950.00 and 1002.00
The expected trend for today: Bullish
Copper price keeps the positivity – Analysis – 30-12-2021
No change to copper price bullish track, due to the frequent stability above the moving average 55 at 4.3300, while the intraday negativity is caused by stochastic exit from the overbought areas, which allows us to suggest more sideways fluctuation until gathering the additional positive momentum to manage to resume achieving the positive targets around 4.5200 and 4.6200.
The expected trading range for today is between 4.3300 and 4.5200
The expected trend for today: Bullish