The EURJPY is weak – Analysis – 28-11-2022
The EURJPY pair surrendered to the frequent negative pressures by stochastic approach to 20 level, to crawl below 143.90 and confirm its surrender to the domination for the correctional bearish bias again, to settle near 143.40.
We expect to resume the negative attempts and move towards 142.80 followed by attempting to press on the bullish channel’s support line at 142.00, followed by monitoring its behavior to manage to detect the next main trend.
The expected trading range for today is between 144.00 and 142.00
The expected trend for today: Bearish
The GBPJPY tends to postpone the rise – Analysis – 28-11-2022
The GBPJPY pair surrendered to stochastic negativity by forming new negative wave and press on the additional support 166.80 after failing to surpass 168.20 barrier.
We will start suggesting the correctional bearish attempts that might target 165.90 followed by reaching the moving average 55 at 164.50, while surpassing the mentioned barrier will cancel the negative overview and allows us to wait to record many gains by moving towards 169.40 and 170.20.
The expected trading range for today is between 167.35 and 165.90
The expected trend for today: Bearish
Platinum price settles above the additional support– Analysis – 28-11-2022
In spite of the neediness of Platinum price to the positive momentum, but its repeated stability above the extra support at 965.00 assists to reinforce the suggested bullish bias domination, therefore, we will keep waiting for gathering extra momentum that allows it to renew the bullish trading, to target 1050.00 level reaching 1040.00, which forms the next main target for the bullish bias
The expected trading range for today is between 970.00 and 1005.00
The expected trend for today: Bullish
Copper price looks for the positive momentum – Analysis – 28-11-2022
Copper price forced to form temporary bearish wave due to its neediness to the positive momentum, to repeat its fluctuation below 3.7000 obstacle, to notice suffering some losses by reaching 3.5500 level.
While the stability of 50% Fibonacci correction level at 3.5000 will confine the trading within the bullish track, to expect the trading confinement within the mentioned levels in the current period, until achieving the required breach and reaching the positive targets that are located near 3.8500 and 4.0500.
The expected trading range for today is between 3.5000 and 3.7000
The expected trend for today: Bullish