The EURJPY repeats the positive closings – Analysis – 10-1-2022
Despite the EURJPY pair’s recent weak trades, the frequent positive stability above the additional support 129.85 and fluctuating above 23.6% Fibonacci correction level recently at 130.80 allow us to keep the expected bullish overview.
Therefore, we will keep waiting to gather the additional positive momentum to manage to form new bullish rally and manage to record more positive targets, located now near 131.85 and 132.45.
The expected trading range for today is between 130.80 and 131.85
The expected trend for today: Bullish
The GBPJPY repeats the pressure on the barrier – Analysis – 10-1-2022
The GBPJPY pair started to form new bullish wave to press on 157.40 barrier in order to find a way to resume the bullish attack and decrease the chances of suffering additional losses as expected previously.
The price depends on 156.00 level forming additional support, while we assure the importance of waiting to achieve the required breach and get new positive close to reinforce the continuation of the positivity that might target 158.60 followed by reaching the psychological barrier at 160.00.
The expected trading range for today is between 156.50 and 157.40
The expected trend for today: Sideways
No news for platinum price – Analysis – 10-1-2022
No news for platinum price until this moment, as it keeps fluctuating between 925.00 support and the moving average 55 that forms solid resistance barrier at 1000.00, which confirms the domination of the sideways bias, waiting to surpass one of these levels to manage to detect the next main trend.
Note that stochastic continuous attempts to provide the positive momentum will increase the chances of forming bullish waves in order to press on the mentioned barrier to attempt to find a way to resume the bullish attack in the upcoming period.
The expected trading range for today is between 930.00 and 1000.00
The expected trend for today: Sideways
Copper price keeps the positive stability – Analysis – 10-1-2022
Copper price confirmed keeping the bullish attempts by providing frequent positive closings above the moving average 55 that forms additional support at 4.3300, also, stochastic provides the positive momentum to support our bullish overview that targets 4.5200 initially, followed by reaching the next barrier at 4.6200.
The expected trading range for today is between 4.3300 and 4.5200
The expected trend for today: Bullish