The EURJPY surpasses the target – Analysis – 12-10-2021
The EURJPY price formed strong bullish rally yesterday to surpass 130.90 level and notice reaching 131.23 level, to confirm the continuation of the positivity for the near term and medium term period.
Note that stochastic continuous positive momentum signals allow us to suggest more rise in the upcoming period, expecting to target 131.55 followed by reaching the next main target at 132.05.
The expected trading range for today is between 130.60 and 131.55
The expected trend for today: Bullish
The GBPJPY records big gains – Analysis – 12-10-2021
The GBPJPY pair continued to rise to confirm its affection by the domination of the bearish bias, recording many targets by touching 154.50 level, while the price might form temporary sideways fluctuation to settle above the additional support at 153.40 until gathering the required additional positive momentum to resume the rise and achieve the next main target at 155.90.
On the other hand, attempting to crawl below 153.40 level and holding below it might force the price to postpone the bullish attack until testing 151.92 support line, followed by attempting to renew the bullish attack.
The expected trading range for today is between 153.40 and 155.90
The expected trend for today: Bullish
Platinum surrenders to the resistance line stability – Analysis – 12-10-2021
Platinum price surrendered to the stability of 1040.00 resistance line, to force it to form clear negative rebound and surpass the moving average 55, settling near 1010.00.
Also, stochastic exit from the overbought areas will increase the negative pressures, confirming postponing the bullish attack until reaching 975.00 to test the key support before recording any new positive target.
The expected trading range for today is between 1025.00 and 975.00
The expected trend for today: Bearish
Copper price tests the resistance – Analysis – 12-10-2021
Copper price reacted positively to stochastic intraday positivity, to notice testing the initial resistance at 4.3000, approaching the previously suggested target, while the stability of this resistance allows us to suggest the negative trades again, expecting to target the negative levels that might start at 4.2000 and 4.0500.
The expected trading range for today is between 4.3200 and 4.2000
The expected trend for today: Bearish