The GBPJPY increases the chances to decline – Analysis – 23-4-2021
The GBPJPY pair provided clear negative trades recently, to notice its stability near the first targe tat 149.50, affected by stochastic negativity in addition to the stability of 151.80 resistance.
Therefore, we will continue to suggest the negative trades for the near term and medium term period, expecting to continue facing negative pressures and reach 147.85 followed by 146.00 levels.
The expected trading range for today is between 150.30 and 148.00
The expected trend for today: Bearish
Platinum repeats the negative closings – Analysis – 23-4-2021
Platinum price has no escape to start forming correctional bearish trades, as it keeps providing negative closings below 1230.00 barrier, to confirm postponing the bullish attack for now.
We expect to gather the negative momentum to start targeting the correctional bearish levels located around 1070.00 and 1105.00, while succeeding to breach the barrier and holding above it will force it to resume the bullish attack and wait to achieve many positive targets that start at 1300.00 and 1350.00.
The expected trading range for today is between 1230.00 and 1170.00
The expected trend for today: Bearish
Copper price continues the bullish crawling – Analysis – 23-4-2021
Copper price continued to form slow positive crawling to reinforce the domination of the bullish bias by moving away from the additional support at 4.1600, reminding you that the next target is located at 4.3700, which represents the extension of the bullish channel’s resistance, followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 4.2000 and 4.3800
The expected trend for today: Bullish
Wheat price surpasses the extended targets – Analysis - 23-04-2021
Wheat price rallied upwards strongly yesterday to surpass our waited target at 692.00, settling above 700.00 barrier, to support the chances of continue the bullish trend on the short term and medium term basis, noting that the next target reaches 750.00.
The EMA50 continues to support the suggested bullish wave, noting that holding above the support base formed above 692.00 is important to achieve the waited targets.
The expected trading range for today is between 695.00 support and 735.00 resistance.
The expected trend for today: Bullish