The EURJPY pair resisted the frequent negative pressures caused by the contradiction between the major indicators, to notice holding above the main bullish channel’s support line at 156.80 and start forming some bullish waves, to reach 157.95.
We assure the importance of gathering the positive momentum, to manage to activate the bullish attack and attempt to achieve many gains by rallying towards 158.55, followed by attempting to press on 159.20 obstacle.
The expected trading range for today is between 157.20 and 158.55
The expected trend for today: Bullish
The GBPJPY pair formed new negative attack yesterday, taking advantage of the frequent stability below 183.20 level, to notice recording the second negative target by declining towards 180.75 followed by forming some correctional bullish rebound by moving towards 182.00.
Note that the frequent stability below 183.20 barrier and stochastic attempt to provide the negative momentum allow us to keep the negative overview, to expect targeting 180.40 level soon, followed by attempting to press on the additional support 179.35.
The expected trading range for today is between 182.40 and 180.40
The expected trend for today: Bearish
Despite platinum price forming intraday positive rebound yesterday and consolidating near 925.00, that won’t affect the main bearish track due to the MA55 consolidation near the additional barrier at 950.00.
These factors allow us to wait to react to the negative pressures and ease the mission of holding below 920.00 level, followed by waiting to reach the additional negative stations at 880.00 and 855.00.
The expected trading range for today is between 940.00 and 890.00
The expected trend for today: Bearish
Copper price formed new bearish wave yesterday to threat the stability of the sideways track at 3.6700 and settles above it, and the price might provide some sideways fluctuation, while the continuous negative momentum coming by the major indicators might increase the chances of renewing the negative attempts, to expect breaking the current support and continue the negative attack to reach new stations that might start at 3.5000 and 3.3700.
The expected trading range for today is between 3.7700 and 3.5500
The expected trend for today: Bearish