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The EURJPY is forced to decline – Analysis – 11-9-2023
The EURJPY pair opened today by forming new bearish wave, attempting to settle below the additional support at 157.00, to hint surrendering to the domination of the correctional bias.
Also, stochastic begins to provide the negative momentum to increase the efficiency of the bearish track for the near term and medium-term period, allowing us to suggest reaching 156.30 level soon, followed by attempting to test the main bullish channel’s support line at 155.90.
The expected trading range for today is between 157.40 and 156.30
The expected trend for today: Bearish
The GBPJPY is forced to decline – Analysis – 11-9-2023
The GBPJPY pair surrendered to the negative pressures caused by stochastic reach to 20 level, forming new bearish wave to settle below the additional support at 183.50, to notice suffering clear losses by reaching 182.90.
MorePlatinum price takes breath – Analysis – 11-9-2023
Platinum price touched 887.00 level recently and formed temporary sideways fluctuation, attempting to take a breath in order to gather new negative momentum to confirm the continuation of the negativity for the upcoming trading.
MoreCopper price still confined – Analysis – 11-9-2023
No news for copper price that remains confined within the sideways triangle, affected by the stability of the 3.6600 support line that decreases the chances of moving to the bearish track, while 3.9200 level continues to form solid obstacle against the attempts to resume the bullish attack, to notice its consolidation near 3.7600.
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