The EURJPY is under the negative pressures – Analysis – 29-11-2022
The EURJPY pair remains affected by the negative pressures that come from the fluctuation below the barrier at 145.65, besides stochastic decline to 20 level recently, which makes us keep the bearish correctional suggestion, to target 142.80 level initially, then press on the bullish channel’s support that is located at 142.00.
The expected trading range for today is between 144.00 and 142.00
The expected trend for today: Bearish
The GBPJPY hits the initial target– Analysis – 29-11-2022
The GBPJPY pair suffered new negative pressures by stochastic decline below 50 level, which forces it to fluctuate below the extra support at 166.80, to suffer some losses by reaching the initial target at 165.85.
The contradiction between the main indicators might force the price to provide some of the sideways fluctuated moves, but its negative stability below 166.80 represents a strong factor that reinforces the chances for resuming the bearish correctional attack, to expect its decline to 165.30 reaching 164.50.
The expected trading range for today is between 167.20 and 165.30
The expected trend for today: Bearish
Platinum price renews its positive action– Analysis – 29-11-2022
Platinum price confirmed its surrender to the bullish bias domination, by its move away from the extra support at 965.00, noticing that the above image rally to the upside approaching from the initial target at 1005.00.
Stochastic attempt to provide positive momentum again, so that will assist the chances for achieving extra positive gains that might extend to 1040.00 reaching to the next main target at 1072.00.
The expected trading range for today is between 970.00 and 1005.00
The expected trend for today: Bullish
Copper price keeps the positivity– Analysis – 29-11-2022
Copper price resisted the negative pressures, to keep its positive stability above the extra support level at 3.5000, to notice forming a bullish wave to settle near 3.6500.
The stability of the trading above the moving average 55 will reinforce the chances for breaching the obstacle at 3.7000 level, to open the way towards recording extra positive targets at 3.8500 and 4.0500.
The expected trading range for today is between 3.5500 and 3.7500
The expected trend for today: Bullish