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The GBPJPY under the negative pressure – Analysis – 4-10-2021
Despite the GBPJPY pair’s consolidation within the bullish channel, getting negative pressures by the major indicators hinder the attempts to renew the bullish attack, to keep its stability below 151.25 until this moment.
We expect more fluctuation within tight track, represented by the mentioned barrier and 149.65 support line, thus, we will stay aside until surpassing one of these levels to manage to detect the next main trend.
The expected trading range for today is between 149.65 and 151.20
The expected trend for today: Neutral
Platinum still bearish – Analysis – 4-10-2021
No change to platinum price bearish track despite its bullish rally above 50% Fibonacci correction level at 960.00, due to its fluctuation within the main bearish channel that appears on the chart.
MoreCopper price gathers its strength – Analysis – 4-10-2021
Copper price formed correctional bullish rebound after facing 4.0500 level, to form additional support against the negative trades and approaches the moving average 55 near 4.2600.
MoreWheat price achieves strong gains – Analysis - 04-10-2021
Wheat price rallied upwards strongly in the previous sessions after beaching the first target at 741.90, to support the expectations of extending the bullish wave on the intraday and short term basis, reminding you that our next target is located at 782.20.
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