The GBPJPY approaches the major support – Analysis – 26-11-2021
The GBPJPY pair took advantage of the additional negative momentum, caused by stochastic forming new negative wave, noticing resuming the correctional bearish attack and surpass the moving average 55, to approach the bullish channel’s support line at 152.10.
Note that facing continuous negative pressures and crawling below the current support will confirm moving to the bearish track, to start forming strong negative waves and target 151.55 initially, followed by reaching 149.75.
The expected trading range for today is between 153.65 and 151.55
The expected trend for today: Bearish
Platinum price moves slowly – Analysis – 26-11-2021
Platinum price was forced to provide slow trades, affected by the contradiction between the major indicators, to keep the negative stability below the additional barrier 1010.00 and increase the chances of resuming the previously expected correctional bearish attempts.
Gathering the additional negative momentum will ease the mission of forming new negative trades, to repeat the pressure on 950.00 support line, while breaking this obstacle might extend losses towards 916.00 as a next main target of the bearish bias.
The expected trading range for today is between 1010.00 and 950.00
The expected trend for today: Bearish
Copper price – Analysis – 26-11-2021
No change to copper price bullish track due to the frequent stability above the moving average 55 at 4.3300, to form additional support against the bullish trades, thus, we will keep our bullish overview that might target 4.5200 followed by reaching 4.6700 resistance line.
The expected trading range for today is between 4.3300 and 4.5200
The expected trend for today: Bullish
The USDCHF needs the positive momentum – Analysis - 26-11-2021
The USDCHF pair ended yesterday above 0.9345, to reinforce the expectations of continuing the bullish trend, which targets 0.9400 followed by 0.9470 levels as next main stations, noting that the price begins today with clear decline to move below 0.9345, waiting to get positive momentum that assist to push the price to rise again.
Consolidating above 0.9315 is important to continue the expected rise, as breaking it will press on the price to test 0.9265 level before any new attempt to rise.
The expected trading range for today is between 0.9280 support and 0.9400 resistance.
The expected trend for today: Bullish