The EURJPY repeats the positive closings – Analysis – 30-3-2021
No change to the EURJPY pair’s track as it keeps fluctuating above the bullish channel’s support line at 128.60, thus, we will keep waiting to gather the required additional positive momentum to achieve the main targets at 130.10 and 130.70.
On the other hand, attempting to crawl below the mentioned support will hint moving to the bearish track, to force it to suffer many losses by declining towards 127.80 followed by reaching 38.2% Fibonacci correction level at 126.70.
The expected trading range for today is between 128.70 and 130.10
The expected trend for today: Bullish
The GBPJPY hovers around the resistance – Analysis – 30-3-2021
The GBPJPY pair ended its last positive rebound by touching 151.90 resistance, to confirm its preparation to form correctional bearish trades as long as it remains intact below this level, while the negative momentum signals allow us to suggest moving towards 149.85 followed by attempting to reach the first main target at 147.80.
Note that attempting to rally above the current resistance will postpone the decline temporarily until touching the additional barrier at 152.90 followed by starting to decline and record the suggested targets.
The expected trading range for today is between 152.00 and 149.85
The expected trend for today: Bearish
Platinum raises the chances to decline – Analysis – 30-3-2021
Platinum price hinted its preparation to resume the correctional bearish trades after providing many negative closings below 1230.00 barrier, noting that stochastic fluctuation below 50 level will provide the price with additional negative momentum to manage to reach the waited stations at 1105.00 and 1070.00.
The expected trading range for today is between 1210.00 and 1105.00
The expected trend for today: Bearish
Copper price has no escape from the decline – Analysis – 30-3-2021
Despite the continuous sideways fluctuation, Copper price consolidation below 4.2300 resistance confirms surrendering to the domination of the previously expected correctional bearish bias, while the price needs new negative momentum to manage to press on 3.8810 obstacle, as succeeding to surpass it will push the price to test the bullish channel’s support line at 3.6700, to form the main target of the negative trades.
The expected trading range for today is between 4.1400 and 3.8810
The expected trend for today: Bearish