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The CHFJPY pair formed bullish channel – Analysis – 23-11-2023
The CHFJPY pair formed strong bullish channel recently, to take advantage of the stability of the major support at 165.15 by forming many waves, to settle near 168.85.
Stochastic attempt to provide the positive momentum by surpassing 50 level in addition to 166.50 forming additional support allow us to suggest more bullish attempts, to target 170.20 as a first station for the current trades, followed by reaching 172.40 in the medium term period.
The expected trading range for today is between 168.10 and 170.00
The expected trend for today: Bullish
Natural gas price keeps the negativity – Analysis – 23-11-2023
No change to natural gas price by fluctuating below the MA55, attempting to gather the required additional negative momentum to attack 2.800 support line.
Note that stochastic continuous negative pressures might increase the chances of breaking the targeted support and open the way to form new bearish waves to move towards 2.670 followed by reaching 2.550 that formed additional support previously.
The expected trading range for today is between 2.980 and 2.800
The expected trend for today: Bearish
The EURJPY prepares for new rise – Analysis – 23-11-2023
The EURJPY pair provided new positive close yesterday above the additional support at 162.35, to agree the main stability within the bullish channel to increase the chances of forming strong bullish rally soon.
Gathering the positive momentum will allow the price to press on 163.10 that formed the first target of the bullish track, while surpassing it will extend trades towards the next positive station at 163.85.
The expected trading range for today is between 162.35 and 163.35
The expected trend for today: Bullish
The GBPJPY needs new momentum – Analysis – 23-11-2023
The GBPJPY pair touched the first target at 187.00 yesterday, followed by declining towards the additional support at 186.30 due to the lack of the positive momentum by stochastic.
We expect to form sideways fluctuation until succeeding to gain the required additional positive momentum to resume the bullish attack to expect moving towards 187.35 and 188.15.
The expected trading range for today is between 186.00 and 187.35
The expected trend for today: Bullish