The EURJPY keeps the positivity – Analysis – 2-11-2021
The EURJPY price repeated the positive closings above the additional support 131.55, to increase the chances of recording new positive targets in the near term and medium term period, while the price needs new positive momentum to ease the mission of surpassing 132.45 obstacle followed by waiting to achieve the main targets at 132.90 and 133.90.
Note that declining below the mentioned support will cancel the positive overview and expect suffering losses that start at 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 begins to decline – Analysis – 2-11-2021
The GBPJPY pair gained new negative momentum yesterday to manage to break the additional support at 156.00 and achieve some negative correctional targets by touching 155.15 level.
We expect to continue forming the negative attempts depending on the stability of 157.50 barrier, to keep waiting to record new targets that might extend towards 154.50 followed by monitoring the price behavior due to this level importance to detect the next main targets.
The expected trading range for today is between 156.30 and 154.50
The expected trend for today: Bearish
Platinum is reviving – Analysis – 2-11-2021
Platinum price formed strong bullish rally yesterday to surpass 1040.00 barrier and confirm renewing the bullish attempts, to notice reaching 1066.00 level.
Stochastic begins to provide the positive momentum by approaching 80 level, to increase the chances of getting rid of 1072.00 obstacle and open the way to target new positive levels that might start at 1105.00 followed by reaching 1153.00 in the upcoming period.
The expected trading range for today is between 1035.00 and 1090.00
The expected trend for today: Bullish
Copper price holds above the support – Analysis – 2-11-2021
No change to copper price bullish track, as it remains stable above 4.2700 support line, in addition to the moving average 55 attempt to provide the positive momentum by settling below the current trades, thus, we will keep waiting to gather the additional momentum to ease the mission of renewing the pressure on 4.5500 barrier followed by waiting the next close to manage to detect the next main targets.
The expected trading range for today is between 4.2800 and 4.4500
The expected trend for today: Bullish