The EURJPY under the negative pressure – Analysis – 6-4-2022
The EURJPY pair still affected by the negative pressures, as stochastic reaches the oversold areas, to increase the chances of renewing the previously expected correctional bearish attempts, thus, we will keep waiting to provide new negative close below 134.80 to manage to target the negative stations near 133.50 and 132.80.
On the other hand, rallying bullishly and settling above 135.65 will increase the chances of renewing the bullish attempts, to manage to reach some positive stations by moving towards 136.30 followed by reaching 137.45 high.
The expected trading range for today is between 135.70 and 133.50
The expected trend for today: Bearish
The GBPJPY renews the bullish action – Analysis – 6-4-2022
The GBPJPY pair gained new positive momentum yesterday, to notice rallying above 161.50 to hint regaining the bullish bias by touching 162.15.
The main stability within the bullish channel and the positive momentum coming by the major indicators increase the chances of recording additional targets that might start at 162.60 and 163.35, reminding you that it is important to settle above 161.00 to decrease the chances of suffering any losses before reaching the positive stations.
The expected trading range for today is between 161.00 and 162.60
The expected trend for today: Bullish
Platinum price reacts to stochastic negativity – Analysis – 6-4-2022
Platinum price begins to reacts to the frequent negative pressures, to notice gathering new negative momentum recently to decline towards 965.00.
We remind you that it is important to break 950.00 to reinforce the domination of the correctional bearish bias that might target 905.00 extended support soon, followed by monitoring its behavior due to the importance of this support to detect the next main trend.
The expected trading range for today is between 985.00 and 925.00
The expected trend for today: Bearish
Copper price repeats the pressure on the barrier – Analysis – 6-4-2022
Copper price continued to provide clear positive pressure on 4.8100 barrier in order to find a way to resume the bullish attack, while our bullish overview depends on the consolidation within the bullish channel, and 4.6000 forming additional support, allowing us to wait to achieve the required breach and reach the additional targets near 5.0000 and 5.2000.
The expected trading range for today is between 4.6000 and 5.0000
The expected trend for today: Bullish