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The GBPJPY fluctuates within the bearish channel – Analysis – 21-10-2020

Economies.com
2020-10-21 05:33AM UTC

Despite the GBPJPY pair’s attempt to form some correctional bullish trades recently, its main stability within the minor bearish channel along with the stability of 137.05 resistance allow us to wait to gather the negative momentum again, to manage to resume the negative attack until reaching 135.90 followed by 135.00 levels.

 

Note that rallying above the mentioned resistance will confirm surrendering to the domination of the bullish bias again, to expect moving towards 137.60 followed by reaching 139.40 in the upcoming period.

 

The expected trading range for today is between 137.05 and 135.90

 

The expected trend for today: Bearish

Platinum surrenders to the support line stability – Analysis – 21-10-2020

Economies.com
2020-10-21 05:32AM UTC

Platinum price formed intraday bullish track recently to notice its consolidation above 836.00 support line, attempting to form bullish waves by rallying towards 880.30.

 

Note that the stability above the mentioned support and succeeding to gather the additional positive momentum will confirm postponing the negative attack to allow the price to rally bullishly and target many positive levels that start at 920.00 followed by reaching 1052.00 barrier.

 

The expected trading range for today is between 835.00 and 920.00

 

The expected trend for today: Bullish

Copper price enters the bullish track again – Analysis – 21-10-2020

Economies.com
2020-10-21 05:32AM UTC

Copper price took advantage of the frequent positive pressures to cancel the negative overview by rallying above 3.1300 level, to settle within the bullish channel that appears on the chart.

 

The continuation of the positivity requires the stability above 3.1350 support line, noting that stochastic continues to provide the positive momentum to increase the chances of beginning to record the positive targets near 3.1940 level followed by reaching the previously recorded top at 3.3100.

 

The expected trading range for today is between 3.1350 and 3.1900

 

The expected trend for today: Bullish

Wheat price tests the resistance – Analysis - 21-10-2020

Economies.com
2020-10-21 04:04AM UTC

Wheat price tests the main bullish channel’s resistance line that appears on the chart, waiting to surpass this level to open the way to extend the bullish wave on the intraday and short term basis, as our next main target is located at 676.30.

 

Therefore, we will keep our bullish overview for the upcoming period, as breaking 629.50 will stop the suggested rise and press on the price to start correctional bearish wave on the intraday basis.

 

The expected trading range for today is between 627.00 support and 645.00 resistance.

The expected trend for today: Bullish

Frequently asked questions

What is the price of GBP/JPY today?

The price of GBP/JPY is $198.9843 (2025-07-11 23:35PM UTC)