The GBPJPY under the negative pressure – Analysis – 27-6-2022
The GBPJPY pair faced frequent negative pressures recently due to stochastic negative crawl towards 50 level, to force it to fluctuate below the initial barrier at 166.00 in order to reinforce the domination of the correctional bearish bias.
These factors allow us to keep the negative overview, to attempt to reach the negative stations at 164.10 followed by testing the additional support at 163.40, while breaching the mentioned barrier will assist to reinforce the bullish track to push it to reach 167.10 direct as a first target for the bullish track.
The expected trading range for today is between 166.00 and 164.10
The expected trend for today: Bearish
Platinum price keeps the negativity – Analysis – 27-6-2022
Platinum price repeated the negative fluctuation below the broken support at 920.00, to increase the chances of resuming the previously suggested negative attack, also, the stability of 50% Fibonacci correction level near 950.00 will assist to confirm blocking the price within the negative track, to keep waiting to reach 890.00 and 855.00 levels.
The expected trading range for today is between 930.00 and 890.00
The expected trend for today: Bearish
Copper price hits the target – Analysis – 27-6-2022
Copper price ended its recent trades by achieving the target at 3.6300, facing 61.8% Fibonacci correction level that forms good obstacle against the attempt to resume the decline, to notice its rebound towards 3.7800.
We remind you that the frequent negative stability below 3.9300 will increase the chances of forming new negative trades, to keep waiting to get the additional negative momentum and manage to break the mentioned obstacle and reach the next target at 3.5300.
The expected trading range for today is between 3.8600 and 3.6300
The expected trend for today: Bearish
Wheat price resumes the decline – Analysis - 27-06-2022
Wheat price returns to decline after retesting 972.80 level in the previous sessions, to keep the bearish trend scenario active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to visit 915.20 followed by 885.50 levels as main targets.
Holding below 972.80 is important to continue the expected decline, as breaching it will push the price to start recovery attempts that start by testing 1043.30 level.
The expected trading range for today is between 910.00 support and 960.00 resistance.
The expected trend for today: Bearish