The EURJPY seeks the additional momentum – Analysis – 7-1-2022
The EURJPY pair formed new sideways trades without recording any new positive target, due to the lack of the positive momentum and the affection by the contradiction between stochastic negativity and the moving average 55 stability near 129.85 support line.
In general, we will continue to suggest the domination of the bullish bias for now, depending on the strength of the mentioned support, noting that gaining the additional positive momentum will reinforce the domination of the bullish bias that might target 131.85 followed by reaching the recently recorded top at 132.45.
The expected trading range for today is between 130.55 and 131.85
The expected trend for today: Bullish
The GBPJPY fluctuates below the barrier – Analysis – 7-1-2022
No news for the GBPJPY pair that keeps fluctuating below 157.40 barrier, to hinder the bullish rally and increase the chances of forming correctional bearish rebound, to expect crawling below 155.85 and reach the additional support at 154.60.
On the other hand, breaching the mentioned barrier and holding above it will confirm renewing the bullish attempts to expect recording new positive targets by moving towards 158.60 followed by reaching the psychological barrier at 160.00.
The expected trading range for today is between 157.50 and 155.85
The expected trend for today: Bearish
Platinum price is confined within tight range – Analysis – 7-1-2022
Platinum price surrendered to the moving average 55 negativity that forms an obstacle against the bullish trades by leaning near 1000.00, to confine trades within tight range represented by this resistance and 925.00 support.
Resuming the bullish attempts requires breaching 1000.00 and holding above it, to reinforce the chances of recording new positive targets that might extend towards 1040.00 and 1070.00 initially.
The expected trading range for today is between 950.00 and 1000.00
The expected trend for today: Sideways
Copper price attempts to hold positively – Analysis – 7-1-2022
Copper price still lacks the positive momentum until this moment, while the attempt to hold above the moving average 55 at 4.3300 supports the bullish scenario for the upcoming period, reminding you that the initial positive targets are located near 4.5200 followed by reaching the next barrier at 4.6200.
We remind you that the attempt to provide negative close below the mentioned support will force it to postpone the bullish attack and suffer many losses by moving towards 4.2750 followed by 4.1850.
The expected trading range for today is between 4.3300 and 4.5200
The expected trend for today: Bullish