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The GBPJPY tests the support– Analysis – 12-9-2023
The GBPJPY pair ended the last bearish correctional rebound, by testing the minor bullish channel’s support at 182.65, to settle above it in order to reinforce the domination of the bullish scenario, the price needs a new positive momentum, to ease the mission of holding above 183.50 level, then reaching the positive stations at 184.30 reaching 185.20.
The expected trading range for today is between 182.75 and 184.30
The expected trend for today: Bullish
Platinum price keeps the negativity– Analysis – 12-9-2023
In spite of Platinum price fluctuation near 905.00 level, but it couldn’t affect the main bearish track, due to its repeated stability below 50% Fibonacci correction level at 950.00.
MoreCopper price without any news– Analysis – 12-9-2023
Copper price kept its stability above the sideways triangle’s support at 3.6700, forming a new bullish wave, hitting 3.8000 level, we couldn’t confirm the main trend due to the strength of the barrier near 3.9000, which keeps us aside until the price succeed to surpass one of the main levels.
MoreWheat price reaches the thresholds of the target – Analysis - 12-09-2023
Wheat price provided clear negative trades yesterday to reach the thresholds of the main waited target at 580.20, falling under continuous negative pressure coming by the EMA50, which supports the chances of surpassing the mentioned level and open the way to achieve additional negative targets that reach 560.00.
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