The EURJPY still bearish – Analysis – 4-7-2022
The EURJPY pair achieve some correctional negative targets recently by touching 139.80 level, to rebound towards 141.20 direct in order to cover some losses and manage to gather the additional negative momentum again.
We will depend on the stability of 142.20 barrier to confirm the domination of the correctional bearish bias for the near term and medium term period, to keep our negative overview and expect to break 140.00 to reach the next main target at 138.90.
The expected trading range for today is between 141.50 and 140.00
The expected trend for today: Bearish
The GBPJPY suffers some losses – Analysis – 4-7-2022
The GBPJPY pair activated the bearish correction by crawling below 164.60, to suffer clear losses by reaching 161.60, achieving some targets, while the contradiction between the major indicators might push the price to form temporary sideways fluctuation until gathering the additional negative momentum that might assist to resume the decline, to expect reaching 160.70 and 159.55 levels.
The expected trading range for today is between 164.30 and 162.00
The expected trend for today: Bearish
Platinum price takes breath – Analysis – 4-7-2022
Platinum price ended its last negative attack by touching 865.00 level, to rebound upwards towards 890.00, attempting to take a breath before resuming the main bearish attack.
Note that it is important to hold below 925.00 barrier to confirm blocking trades within the bearish track, to expect gathering the additional negative momentum and move towards 855.00, while breaking this obstacle might extend losses towards 825.00 as a next target.
The expected trading range for today is between 900.00 and 855.00
The expected trend for today: Bearish
Copper price keeps the negative track – Analysis – 4-7-2022
Copper price continued to provide negative trades, to approach 50% Fibonacci correction level at 3.4900 and confirm keeping the domination of the bearish bias.
Note that stochastic negative momentum and forming additional barrier at 3.8500 allow us to wait to break 3.8500 to increase the chances of reaching new negative stations that start at 3.4100 and 3.3300.
The expected trading range for today is between 3.7000 and 3.4900
The expected trend for today: Bearish