Midday update for the GBPUSD 12-09-2019
The GBPUSD pair keeps fluctuating near 1.2326 level, and the price remains confined between the mentioned support and 1.2400 resistance, therefore, we keep our neutrality until the price confirm breaching one of these levels.
To recognize the details of the expected targets from the breach, please review our morning report.
The expected trading range for today is between 1.2250 support and 1.2410 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for the EURUSD 12-09-2019
The EURUSD pair shows calm positive trading now to move away gradually from 1.1005 level, keeping the bullish trend scenario valid and active in the upcoming period, depending on the stability above the mentioned level, while our next main target is located at 1.1095.
The expected trading range for today is between 1.0950 support and 1.1100 resistance.
The expected trend for today: Bullish temporarily
Copper price keeps the correctional track – Analysis – 12-9-2019
Copper price formed a new bullish wave yesterday to reinforce the bullish correctional suggestion by its stability at 2.6200, reminding you that the correctional scenario depends on the stability of the support level at 2.5500, besides the continuation of providing positive momentum by stochastic by its fluctuation within the overbought levels.
Therefore, we will keep our bullish expectations that target the bearish channel’s resistance at 2.6600, note that suffering strong positive pressures that might allow it to surpass this resistance, to move to a main bullish track, to begin targeting new positive levels in the upcoming period.
The expected trading range for today is between 2.5850 and 2.6450
The expected trend for today: Bullish
Platinum resumes rising – Analysis – 12-9-2019
Platinum price begun gathering a new positive momentum due to stochastic approach from the overbought level, to reinforce the bullish suggestion in the near and medium period, the stability of the initial support at 910.00 increases the efficiency of the bullish scenario, to keep waiting for reaching to the positive stations, which are located at 980.00 and 1025.00.
Note that the price attempt to reach below the initial support will force it to delay the bullish attack, to begin forming negative correctional trading, to suffer some of losses by reaching 860.00.
The expected trading range for today is between910.00 and 980.00
The expected trend for today: Bullish