The EURJPY settles within temporary sideways range – Analysis – 19-3-2021
The EURJPY pair formed new sideways trades to notice its stability near the additional support at 129.60, to resist the negative pressures caused by stochastic crawl towards 50 level.
The stability within the bullish channel allows us to wait to gather the positive momentum to confirm its preparation to record the main targets around 130.75 and 131.80 levels.
The expected trading range for today is between 129.60 and 131.00
The expected trend for today: Bullish
The GBPJPY records new target – Analysis – 19-3-2021
The GBPJPY pair recorded new positive target yesterday by reaching 152.55, confirming keeping the domination of the expect bullish bias, while the current rebound hints the attempt to gather the additional positive momentum to repeat the attempt to resume rise until reaching 152.90 level, while surpassing it will push to touch the bullish channel’s resistance at 153.60.
We remind you that it is important to hold above the additional support at 150.50 to confirm blocking the price within the bullish track until reaching the suggested additional stations.
The expected trading range for today is between 150.80 and 152.95
The expected trend for today: Bullish
Platinum increases the chances to decline – Analysis – 19-3-2021
Despite Platinum price continuous fluctuation within the tight sideways track, the stability of 50% Fibonacci correction level and forming solid barrier at 1230.00 will increase the chances of starting the correctional bearish attack, to expect crawling below 1190.00 and reach the negative stations at 1160.00 followed by 1105.00.
Note that rallying above the current barrier and holding above it will cancel the negative overview to start forming new bullish trades that might extend towards 1300.00 and 1350.00 levels.
The expected trading range for today is between 1230.00 and 1160.00
The expected trend for today: Bearish
Copper price begins to decline – Analysis – 19-3-2021
Copper price started to react to the correctional bearish track, to notice recording 4.0090 level and move away from 4.1750 resistance, expecting to get more negative momentum by stochastic to reach 3.9500 level, while surpassing it will allow the price to record the second target at 3.8810.
The expected trading range for today is between 4.1000 and 3.8810
The expected trend for today: Bearish