The EURJPY takes advantage of stochastic positivity – Analysis – 23-12-2021
Despite the recent weak trades, the EURJPY pair positive stability above 127.30 support line forms main factor to confirm the previously expected bullish scenario, noticing the price reaction to stochastic rally above 50 level, to manage to renew the bullish attempts and reach 129.50.
The price needs to breach 129.80 barrier to open the way to record new positive targets that might start at 130.80 followed by 131.60.
The expected trading range for today is between 128.70 and 130.25
The expected trend for today: Bullish
The GBPJPY surrenders to the positive pressures – Analysis – 23-12-2021
The GBPJPY pair didn’t succeed to break 149.00 support line, to react to the positivity of the major indicators by forming strong bullish wave and surpass the additional barrier at 151.60, settling above the moving average 55 as appears on the chart.
These factors confirm postponing the bearish scenario, to increase the chances of testing the key resistance at 153.25 followed by monitoring the price behavior due to the importance of this level to detect the next main trend.
The expected trading range for today is between 151.50 and 153.25
The expected trend for today: Bullish temporarily
Platinum price postpones the negative attack – Analysis – 23-12-2021
Platinum price failed to break 920.00 support line to hint postponing the negative attack and form strong bullish wave, achieving 975.00 level.
The continuous stability of the mentioned support and stochastic attempt to provide the positive momentum will increase the chances of resuming the bullish attempts, to expect moving towards 1005.00 level, while surpassing this obstacle might extend trades towards 1040.00 in the upcoming period.
The expected trading range for today is between 940.00 and 1005.00
The expected trend for today: Bullish
Copper price attempts to revive – Analysis – 23-12-2021
Copper price reacted to stochastic positivity yesterday, to notice surpassing the moving average 55 and attempt to jump above 4.3625 barrier in order to regain the bullish bias again.
We recommend to wait the breach to confirm moving to the bullish track, to manage to achieve many gains by moving towards 4.4500 followed by 4.6200.
The expected trading range for today is between 4.3300 and 4.4500
The expected trend for today: Bullish