The EURJPY tends to resume the rise – Analysis – 21-6-2022
The EURJPY pair moved away from the additional support at 140.40, taking advantage of stochastic additional positive momentum signals to press on 142.20 obstacle, expecting to achieve the required breach to form strong bullish rally and achieve new gains by moving towards 142.80 followed by reaching 143.80.
On the other hand, failing to achieve the breach will force it to postpone the bullish attack to start providing correctional negative trades that might force it to suffer some losses by reaching the mentioned additional support before recording any new positive target.
The expected trading range for today is between 141.80 and 142.80
The expected trend for today: Bullish
Copper price might postpone the decline – Analysis – 21-6-2022
Copper price failed to break 50% Fibonacci correction level at 3.9300 to form new support against the negative attempts and force it to form temporary sideways fluctuation.
We expect to continue forming sideways trades until gathering the additional negative momentum to manage to hold below 4.1800 level, waiting to break the current obstacle to ease the mission of reaching the additional negative stations by moving towards 3.8000 and 3.6800 levels.
The expected trading range for today is between 4.1000 and 3.9300
The expected trend for today: Sideways
Platinum price surrenders to the indicators’ contradiction – Analysis – 21-6-2022
Platinum price confirmed surrendering to the domination of the sideways bias by settling above 920.00 support line recently, affected by the continuous contradiction between the major indicators, to keep the stability within the sideways track represented by the current support and 967.00 resistance.
These factors allow us to continue neutral, noting that breaking the support will assist to activate the negative track again, to expect suffering many losses that might start at 890.00 and 855.00 levels.
The expected trading range for today is between 920.00 and 965.00
The expected trend for today: Neutral
The GBPJPY renews the positive attempts – Analysis – 21-6-2022
The GBPJPY pair gained new positive momentum by stochastic attempt to crawl towards 80 level, to notice forming new bullish wave to press on 166.00 obstacle.
We remind you that it is important to wait the required breach to reinforce the domination of the bullish track followed by waiting to reach the additional positive stations represented by 166.60 and 167.40 levels.
The expected trading range for today is between 165.10 and 167.40
The expected trend for today: Bullish