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The GBPJPY seeks the negative momentum – Analysis – 8-12-2021
The GBPJPY pair repeated the weak sideways trades, affected by the contradiction of the moving average 55 negativity at 152.50 against stochastic positivity.
We remind you that the stability of the major resistance and forming additional barrier at 151.60 support the continuation of the negativity, waiting to gather the additional negative momentum to ease the mission of recording the targets near 148.80 and 147.70.
The expected trading range for today is between 151.60 and 149.00
The expected trend for today: Bearish
Platinum price faces key support – Analysis – 8-12-2021
Platinum price faced key historical support recently near 920.00, to postpone the negative attack and notice forming correctional bullish rebound towards 965.00.
The continuous stability of the mentioned support will increase the chances of forming new positive rally, to attempt to press on the moving average 55 at 1002.00, while breaking the support and holding below it will confirm the continuation of the negativity for the upcoming period to wait to reach 880.00 initially.
The expected trading range for today is between 920.00 and 1000.00
The expected trend for today: Bullish
Copper price surrenders to the stability of the barrier – Analysis – 8-12-2021
No news for copper price that keeps fluctuating below 4.3700 barrier, to hinder the attempt to renew the positive attempts, thus, we will keep our correctional bearish overview that targets 4.1800 initially.
On the other hand, succeeding to surpass the barrier and holding above it will allow the price to renew the bullish attempts and open the way to target positive levels that might start at 4.4500 and 4.6200.
The expected trading range for today is between 4.3500 and 4.1800
The expected trend for today: Bearish
Wheat price awaits more decline – Analysis - 08-12-2021
Wheat price shows some slight bullish bias to test the EMA50, which keeps forming negative pressure against the price, waiting to resume the negative trades that target 773.50 level mainly.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 823.50 and holding above it.
The expected trading range for today is between 785.00 support and 820.00 resistance.
The expected trend for today: Bearish