The GBPJPY achieves new gains – Analysis – 22-2-2023

Platinum price continued to provide correctional positive trades affected by the contradiction between the major indicators, to notice moving towards 949.00, reminding you that the frequent negative stability below 965.00 barrier forms major factor to confirm the domination of the bearish bias for the upcoming period, to keep waiting to target the negative stations near 880.00 and 855.00.

Copper price started to take advantage of stochastic positivity by providing new bullish wave and record some gains by touching 4.2250, also, the frequent stability within the bullish channel will increase the chances of resuming the bullish attack in the near term period, to attempt to press on 4.3000 barrier, while surpassing it might extend trades towards 4.5100 as a next main target fort the bullish bias.

Wheat price traded with strong negativity to achieve our first waited target at 762.50 and attempts to break it, which supports the continuation of the expected bearish trend for the upcoming period, waiting to achieve additional negative targets that reach 752.00 followed by 742.00.