The EURJPY repeats the pressure on the barrier – Analysis – 22-11-2022
The EURJPY pair returned to form new positive wave to press on 145.65 barrier that hinders the chances of renewing the positive attempts, while we will keep suggesting the domination of the correctional bearish bias that might target 143.85.
On the other hand, facing strong positive pressures and breaching the current barrier will cancel the negative overview to start forming new bullish waves that might push it to reach 146.20 and 146.80 levels.
The expected trading range for today is between 145.65 and 144.50
The expected trend for today: Bearish
The GBPJPY forms strong bullish rally – Analysis – 22-11-2022
The GBPJPY pair succeeded to breach 166.80 barrier to get rid of the negative pressures and notice achieving big gains by moving towards 168.30 level, while consolidating within the bullish channel in addition to the positive momentum coming by the major indicators confirm the continuation of the positivity, to keep waiting to record new targets that might start at 169.00 and 170.20 levels.
The expected trading range for today is between 167.40 and 169.00
The expected trend for today: Bullish
Platinum price begins positively – Analysis – 22-11-2022
Platinum price opened today with clear positivity, taking advantage of 965.00 level forming the additional support, to notice rallying towards 993.00, also, stochastic exit from the oversold areas confirms gathering the positive momentum, allowing us to suggest the bullish rally to target 1010.00 level soon, while surpassing it will extend trades towards 38.2% Fibonacci correction level at 1040.00.
On the other hand, declining below 950.00 will force it to resume the negative correction, to suffer additional losses that might extend towards 920.00 that forms the extension of the main support that appears on the chart.
The expected trading range for today is between 960.00 and 1010.00
The expected trend for today: Bullish
Copper price attempts to end the decline – Analysis – 22-11-2022
Despite copper price crawl below the moving average 55 and facing negative pressures, achieving positive close above 50% Fibonacci correction level at 3.5000 might assist to end the negative trades for now, to expect the beginning of forming new positive crawl.
Stochastic reach to the oversold areas might assist to end the negative pressures to provide the price with chances to gain the required positive momentum to press on 3.7000, while surpassing it might extend trades towards 3.8500 as a first main target for the bullish attempts.
The expected trading range for today is between 3.5500 and 3.7000
The expected trend for today: Bullish