Midday update for the EURUSD 14-01-2020
The EURUSD pair shows slight bearish bias in attempt to move away from 1.1140 level, to support the continuation of the expected bearish trend for today, which targets 1.1060 level mainly, reminding you that the continuation of the bearish wave depends on the price stability below 1.1140 and 1.1180 levels.
The expected trading range for today is between 1.1060 support and 1.1200 resistance.
The expected trend for today: Bearish
Copper price renews the positivity – Analysis – 14-1-2020
Copper price hinted the preparation to renew the bullish attempts by providing clear positive pressure on 2.8400 barrier, to get rid of the domination of the correctional bearish bias, while confirming the bullish rally requires the price stability above this barrier to allow us to suggest reaching the positive stations located at 2.9000 and 3.0200 in the near term and medium term period.
Our bullish overview depends on the major indicators that provide positive momentum, noticing stochastic attempt to crawl towards the overbought areas to increase the chances of recording the suggested targets.
The expected trading range for today is between 2.8000 and 2.9000
The expected trend for today: Bullish
Platinum holds above the support – Analysis – 14-1-2020
Despite Platinum price recent weak trades, its consolidation within the bullish channel and the frequent stability above the initial support 950.00 supports the previously suggested bullish attempts.
Therefore, we will keep our bullish overview that targets 1025.00 that forms 23.6% Fibonacci correction level, and surpassing it might extend trades towards 1055.00 to press on the bullish channel’s resistance.
The expected trading range for today is between 950.00 and 1025.00
The expected trend for today: Bullish
The GBPJPY shows temporary sideways fluctuation – Analysis – 14-1-2020
The GBPJPY pair formed temporary sideways trades recently due to the lack of the positive momentum, noticing its stability below 143.80 barrier, noting that the price stability within the bullish channel –above 141.45 support line- allows us to wait to surpass the current barrier to start recording additional targets that might start at 144.30 followed by 145.60.
The expected trading range for today is between 142.35 and 143.80
The expected trend for today: Bullish