The EURJPY holds above the support – Analysis – 03-11-2021
The EURJPY price succeeded to provide new positive close above the additional support at 131.50, to confirm keeping the domination of the bullish bias to rally towards 132.10, while getting the positive momentum now allows us to expect resuming the bullish attack, to target 132.90 followed by reaching 133.50 in the medium term period.
We remind you that declining below the mentioned support will cancel the positive overview, to expect suffering clear losses by moving towards 131.20 followed by reaching 23.6% Fibonacci correction level at 130.85.
The expected trading range for today is between 131.55 and 132.90
The expected trend for today: Bullish
The GBPJPY hits the target – Analysis – 03-11-2021
The GBPJPY pair ended its correctional bearish rally by facing 154.50 support line that formed the first main target of the bearish track, expecting to form mixed sideways trades with chances to reach 156.00 before recording any new negative target.
On the other hand, facing new negative pressures and crawling below the mentioned support will increase the chances of targeting new correctional negative levels that might start at 153.30 followed by reaching the main bullish channel’s support line at 151.40.
The expected trading range for today is between 154.50 and 156.00
The expected trend for today: Bullish
Platinum leans above the moving average – Analysis – 03-11-2021
Platinum price returned to form some correctional negative trades yesterday to test the moving average 55 at 1030.00, also, the main stability above the key support 1010.00 supports our bullish overview, to keep waiting to target the positive stations at 1072.00 followed by reaching 1105.00 in the medium term period.
Note that attempting to decline below the mentioned key support will confirm exiting the bullish track, to expect suffering big losses that might start at 990.00 followed by 949.00.
The expected trading range for today is between 1030.00 and 1072.00
The expected trend for today: Bullish
Copper price awaits the positive momentum – Analysis – 03-11-2021
Copper price didn’t record any new positive target until this moment due to the lack of the positive momentum, to notice the continuous sideways fluctuation near the moving average 55, reminding you that it is important to hold above 4.2600 support line to confirm the continuation of the positivity that might target 4.5500 followed by reaching 4.8000 in the upcoming period.
The expected trading range for today is between 4.2800 and 4.4500
The expected trend for today: Bullish