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The CHFJPY begins to decline – Analysis – 14-12-2023

Economies.com
2023-12-14 05:10AM UTC

The CHFJPY pair confirmed its surrender to the domination of the bearish bias by forming strong negative attack after testing 166.70 resistance line, to crawl below the MA55 and notice reaching 162.65.

 

We expect 164.30 level to form additional barrier, while stochastic provides the negative momentum, which leads to provide new negative trades and target 162.20 level, while breaking this obstacle will extend losses towards 161.15 to form the next main target of the bearish trades.

 

The expected trading range for today is between 163.90 and 162.20

 

The expected trend for today: Bearish

Natural gas price fluctuates within the negative track – Analysis – 14-12-2023

Economies.com
2023-12-14 05:09AM UTC

Natural gas price formed correctional bullish wave after touching 2.253 level, attempting to take a breath before resuming the negative attack in the near-term period.

 

We remind you that it is important to hold below 2.550 initial barrier in addition to the importance of gathering the negative momentum to ease the mission of forming new bearish waves, to target 2.100 followed by waiting to reach the next main target at 1.950.

 

The expected trading range for today is between 2.430 and 2.100

 

The expected trend for today: Bearish

The EURJPY resumes the decline – Analysis – 14-12-2023

Economies.com
2023-12-14 05:07AM UTC

The EURJPY pair continued to form strong negative trades to notice breaking 155.40 level that formed intraday obstacle against the negative trades recently, confirming its surrender to the domination of the bearish bias by reaching 153.85.

 

Stochastic attempt to provide new negative momentum allows us to expect easing the mission to settle below 38.2% Fibonacci correction level at 154.45, to ease the mission of reaching the next main target at 153.15.

 

The expected trading range for today is between 154.80 and 153.20

 

The expected trend for today: Bearish

The GBPJPY attacks the major support – Analysis – 14-12-2023

Economies.com
2023-12-14 05:07AM UTC

The GBPJPY pair formed strong negative attack yesterday to break 181.10 level and suffer big losses by reaching the key support 178.35.

 

Note that the major indicators agree to provide the negative momentum, while 179.75 level attempts to form new barrier, which allow us to wait to break the current support and manage to move to the next negative station to target many negative stations by moving towards 177.55 followed by 176.70.

 

The expected trading range for today is between 179.50 and 178.00

 

The expected trend for today: Bearish