The EURJPY resumes the rise – Analysis – 8-8-2022
The EURJPY pair succeeded to get rid of the domination of the sideways bias to notice surpassing 136.65 obstacle and resume the bullish rally by moving towards the first positive targe tat 137.60.
Stochastic attempt to provide the positive momentum by settling above 20 level will increase the chances of forming strong bullish rally, which allows us to wait to reach 138.55 followed by repeating the pressure on 23.6% Fibonacci correction level at 139.65.
The expected trading range for today is between 136.80 and 138.55
The expected trend for today: Bullish
The GBPJPY approaches the barrier – Analysis – 8-8-2022
The GBPJPY pair took advantage of the positive momentum coming by the major indicators to notice forming new bullish rally recently, approaching 163.45 barrier, to achieve the first suggested target in our previous report.
The stability within the bullish channel and facing continuous positive pressures allow us to expected surpassing the current barrier, to open the way to record many positive targets near 164.05 and 164.75.
The expected trading range for today is between 162.90 and 164.05
The expected trend for today: Bullish
Platinum price fluctuates above the support – Analysis – 8-8-2022
Platinum price kept its positive stability above the additional support 920.00, to support the bullish track and notice achieving 945.00 level recently, while succeeding to consolidate above the moving average 55 and stochastic positive momentum signals allow us to expect forming new bullish rally to attempt to surpass 950.00 level and reach the next main target at 980.00.
On the other hand, crawling below the mentioned additional support will force the price to renew the negativity and suffer many losses by moving towards 905.00 followed by extending losses towards 870.00 and 855.00 levels.
The expected trading range for today is between 925.00 and 980.00
The expected trend for today: Bullish
Copper price keeps the positivity – Analysis – 8-8-2022
No change to copper price correctional bullish track by settling above 3.5000 level, which increases the chances of resuming achieving the gains, to expect targeting 3.6300 followed by attempting to press on 38.2% Fibonacci correction level at 3.8600.
Also, stochastic approach to 80 level will assist to provide the required positive momentum to form new bullish waves until reaching the mentioned targets.
The expected trading range for today is between 3.4500 and 3.6300
The expected trend for today: Bullish