The USDJPY surpasses the first target – Analysis - 23-11-2021
The USDJPY pair rallied upwards strongly to succeed achieving our first waited target at 114.70, and opened today with additional rise to breach this level and open the way to head towards our second target at 115.50, expecting the continuation of the rise on the intraday and short term basis to achieve additional gains that reach 117.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 114.70.
The expected trading range for today is between 114.70 support and 115.80 resistance
The expected trend for today: Bullish
The GBPUSD resumes the decline - Analysis - 23-11-2021
The GBPUSD pair resumed its negative trades to approach our waited target at 1.3355, expecting to break this level to continue the decline inside the bearish channel that appears on the chart, supported by the EMA50, noting that the next target extends to 1.3160.
Holding below 1.3470 is important to continue the expected decline, as breaching it will push the price to achieve new bullish correction before turning back to resume the bearish track.
The expected trading range for today is between 1.3300 support and 1.3450 resistance.
The expected trend for today: Bearish
The EURUSD breaks the support – Analysis - 23-11-2021
The EURUSD pair managed to break 1.1275 level to reinforce the expectations of continuing the bearish trend, opening the way to head towards our next waited target at 1.1145, waiting for more decline in the upcoming sessions.
The EMA50 continues to press negatively on the price to support the expectations to decline, noting that breaching 1.1275 might push the price to test 1.1375 areas again before any new negative attempt.
The expected trading range for today is between 1.1150 support and 1.1300 resistance.
The expected trend for today: Bearish
Evening update analysis for Gold 22-11-2021
Gold price faced strong negative pressure to break 1834.00 and reach the expected negative target at 1800.00, and the way seems open to continue the decline to break this level and suffer more losses on the intraday and short term basis, noting that confirming the break will push the price to 1770.00 as a next station, while consolidating above it will lead the price to attempt to recover and visit 1825.15 initially.