Midday update for the GBPUSD 11-09-2019
The GBPUSD pair keeps fluctuating in sideways track, and it remains confined between the critical levels that are represented by 1.2326 support and 1.2400 resistance, therefore, our neutral attitude will remain valid until breaching one of these levels then detecting the next trend clearly, pointing that the expected targets from the breach are appeared in our morning report.
The expected trading range for today is between 1.2270 support and 1.2430 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for the EURUSD 11-09-2019
The EURUSD pair shows bearish bias to approach from testing 1.1005 level, which requires being aware from the upcoming trading, where breaking this level will stop the expected bullish trend for today, and pushes the price to achieve more of the downside moves, while the waited positive target of the suggested bullish wave at 1.1100.
The expected trading range for today is between 1.0970 support and 1.1140 resistance.
The expected trend for today: Bullish temporarily
Copper price recovers – Analysis – 11-9-2019
Copper price provided a new positive close above 61.8% Fibonacci correction level, which forms an extra support at 2.5500, reinforcing the bullish correctional bias domination, besides the stability of stochastic within the overbought level increases the chances for gathering the positive momentum, which makes us wait for achieving the correctional target at 2.6680.
The expected trading range for today is between 2.5550 and 2.6680
The expected trend for today: Bullish
Platinum should resume the positivity– Analysis – 11-9-2019
Platinum price couldn’t escape from resuming the positivity due to its repeated stability above the critical support at 863.00 for today, and 910.00 level keeps forming the neckline of the inverted double top confirms its readiness to form a new bullish attack, to target 980.00 level reaching to 23.6% Fibonacci correction level at 1025.00.
Stochastic attempt to reach the overbought level reinforces our bullish expectation by validating a new positive momentum, to ease the attempt of the price rally towards the suggested targets.
The expected trading range for today is between 910.00 and 980.00
The expected trend for today: Bullish