The GBPJPY tests the support – Analysis – 21-9-2021
The GBPJPY pair succeeded to test the main bullish channel’s support line at 149.18, to form solid obstacle against the negative attack, noticing the beginning of forming bullish rebound to settle near 149.80.
The frequent stability above the support will increase the chances of renewing the bullish attempts that might target 150.55 followed by 151.30 levels, while crawling below the current support will confirm moving to the bearish track, to expect suffering big losses by moving towards 148.60 and 147.90.
The expected trading range for today is between 149.20 and 150.55
The expected trend for today: Bullish
Platinum needs new momentum – Analysis – 21-9-2021
Platinum price approached the target at 900.00 yesterday, and bounced upwards towards 920.00 due to the lack of the negative momentum, while the main stability within the bearish channel and 949.00 level forming additional resistance allow us to wait to gather the additional negative momentum, to ease the mission of reaching the negative stations at 880.00 followed by 860.00.
The expected trading range for today is between 930.00 and 880.00
The expected trend for today: Bearish
Copper price approaches the target – Analysis – 21-9-2021
Copper price continued to form negative trades recently, approaching the waited target at 4.0700 due to facing frequent negative pressures.
The moving average 55 forms additional barrier at 4.2600, and stochastic provides the additional negative momentum, allowing us to expect the domination of the bearish bias, to target 4.0300 and 3.8750 levels soon.
The expected trading range for today is between 4.2000 and 3.875
The expected trend for today: Bearish
Wheat price reaches the first target – Analysis - 21-09-2021
Wheat price reached the thresholds of the first waited negative target at 696.80, falling under continuous negative pressure by the EMA50, to support the chances of surpassing the mentioned level and head towards 676.60 that represents our next negative target.
In general, we suggest the continuation of the bearish trend domination in the upcoming period conditioned by the price stability below 717.00.
The expected trading range for today is between 685.00 support and 707.00 resistance.
The expected trend for today: Bearish