The EURJPY begins to decline – Analysis – 10-11-2023
The EURJPY pair surrendered to the stability of the major resistance 161.90 to notice activating the correctional bearish track by touching 161.35, assuring the importance of gathering the additional negative momentum to ease the mission of breaking 161.30 and open the way to reach the additional negative stations that start at 160.90 followed by reaching the first main target at 160.15.
On the other hand, failing to achieve the required break will confirm surrendering to the domination of the sideways bias, to confine trades within tight track represented by the current support and 161.70.
The expected trading range for today is between 161.60 and 160.90
The expected trend for today: Bearish
No change to the GBPJPY positivity – Analysis – 10-11-2023
The GBPJPY pair continued to form weak sideways trades by settling near 185.00 to face stochastic negativity, providing clear stability above the additional support at 184.25.
These factors allow us to wait to gather the positive momentum to manage to renew the bullish attempts, reminding you that the initial targets are located near 185.95, while surpassing this obstacle will push the price to 186.75 as a next main station.
The expected trading range for today is between 184.65 and 185.95
The expected trend for today: Bullish
Platinum price resumes achieving the targets – Analysis – 10-11-2023
Platinum price ended yesterday by reaching 61.8% Fibonacci correction level at 857.20 to achieve the waited target followed by holding above it to take a breath before resuming the negative attack.
The price needs new negative momentum to keep its stability below the additional barrier at 880.00 followed by waiting to break the current obstacle in order to reach towards new negative stations that might start at 830.00 followed by reaching 790.00 in the medium term period.
The expected trading range for today is between 870.00 and 830.00
The expected trend for today: Bearish
Copper price prepares to decline – Analysis – 10-11-2023
Copper price continued to provide negative trades affected by the frequent stability below the additional barrier at 3.7280, to manage to reach some negative stations by touching 3.6100.
Also, stochastic continues to provide the negative momentum to allow us to suggest forming new negative waves to attack the additional support near 3.5000 followed by monitoring its behavior to manage to confirm the upcoming trend.
The expected trading range for today is between 3.6700 and 3.5500
The expected trend for today: Bearish