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The EURJPY repeats testing the initial support – Analysis – 8-9-2023
The EURJPY pair ended the temporary negative fluctuation by testing the initial support 157.00, followed by renewing the positive action by rallying towards 157.90, while the frequent stability within the bullish channel and stochastic attempt to provide the positive momentum assist to activate the previously suggested bullish attack, to keep waiting to reach the positive stations represented by 159.20 and 159.80 levels.
The expected trading range for today is between 157.40 and 159.20
The expected trend for today: Bullish
The GBPJPY resist stochastic negativity – Analysis – 8-9-2023
The GBPJPY pair faced new negative pressures yesterday due to stochastic crawl below 50 level, which pushed the price to form temporary crawl below 183.50 level followed by bouncing quickly towards 184.20.
MorePlatinum price repeats the negative closings – Analysis – 8-9-2023
No change to platinum price bearish track due to moving away from the major resistance at 987.00, in addition to the negative consolidation below 50% Fibonacci correction level at 950.00.
MoreCopper price is weak – Analysis – 8-9-2023
Copper price shows weak trades recently, settling near 3.7200 level, affected by the negativity of the MA55 that consolidates now below the sideways range’s resistance line at 3.9200, also, the continuous stability of the sideways range support line at 3.6500 decreases the chances of moving towards the bearish track.
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