The GBPJPY declines towards the additional support – Analysis – 14-1-2022
No change to the GBPJPY pair’s sideways track, to notice declining from the sideways track resistance yesterday at 157.40 to settle near 156.00 support line.
We will stay neutral until surpassing one of the mentioned levels, reminding you that declining below the support will force the price to suffer intraday losses until testing the bullish channel’s support line at 154.55, while breaching the resistance will open the way to record big gains that might start at 158.60 followed by 159.70.
The expected trading range for today is between 156.00 and 157.40
The expected trend for today: Neutral
Platinum price needs to surpass the barrier – Analysis – 14-1-2022
No change to platinum price track until this moment, while the slow positive rally is caused by the continuous obstacle formed at 1000.00 against the bullish attempts.
Stochastic crawl above 50 level will provide the price with new positive momentum, to increase the chances of achieving the required breach to open the way to record additional targets that might start at 1040.00.
The expected trading range for today is between 950.00 and 1040.00
The expected trend for today: Bullish
Copper price repeats the bullish attempts – Analysis – 14-1-2022
Copper price hinted keeping the bullish attempts by leaning above 4.3500 support line, to notice its frequent fluctuation near 4.5000 level to confirm its preparation to record the additional targets around 4.6200 followed by reaching the main resistance at 4.7700.
Also, stochastic continuous attempt to provide the positive momentum will assist to confirm the bullish scenario, to expect the stability above 4.4300 to start the bullish attack until reaching the suggested positive stations.
The expected trading range for today is between 4.4300 and 4.6200
The expected trend for today: Bullish
Wheat price touches the first target – Analysis - 14-01-2022
Wheat price managed to achieve our first waited target at 742.30 and presses negatively on it, to support the chances of extending the bearish wave to target 711.40 as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 773.30 represents major condition to achieve the waited targets.
The expected trading range for today is between 730.00 support and 750.00 resistance.
The expected trend for today: Bearish