Midday update for the EURUSD 15-09-2021
The EURUSD pair trades with clear positivity to attack the bearish channel’s resistance and moves above it now, which urges caution from the upcoming trading, as the price heads for potential turn for the trend to the upside, especially that stochastic provides positive signals now, which makes us prefer staying neutral now until we get clearer signal for the next trend.
Note that holding above 1.1825 will lead the price to visit 1.1888 initially, while trading below it again will reactivate the bearish trend scenario that targets 1.1780 followed by 1.1700 levels as next main stations.
The expected trading range for today is between 1.1750 support and 1.1888 resistance.
The expected trend for today: Neutral
The EURJPY reaches the first target – Analysis – 15-9-2021
The EURJPY price shows more of the bearish bias moves to reach the thresholds of the initial waited targets at 129.25, and we expect the continuation of the negative pressure to test the most important support at 128.80.
The moving average 55 supports the expected decline, which will remain valid unless the price rallied to breach 130.85 level and held above it.
The expected trading range for today is between 128.50 and 130.00
The expected trend for today: Bearish
The GBPJPY under the negative pressure – Analysis – 15-9-2021
The GBPJPY pair couldn’t settle for lone time above the breached resistance, to be traded with clear negativity and head towards achieving more of the expected decline in the upcoming sessions, targeting 149.85 level mainly.
Therefore, the bearish bias will be preferred unless breaching 151.95 and holding above it.
The expected trading range for today is between 150.30 and 152.00
The expected trend for today: Bearish
Platinum breaks the support – Analysis – 15-9-2021
Platinum price achieved a strong break to 949.00 level and settled below it, to head towards making more of the bearish correctional moves in the upcoming period, where the next targets reach 900.00 then 860.00.
The bearish channel supports the expected decline, which will remain valid conditioned by holding below 949.00.
The expected trading range for today is between 900.00 and 950.00
The expected trend for today: Bearish