Daily analysis of USD/JPY for November 25, 2016

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Overview

The USDJPY pair continued rising clearly. It reached the level a few pips away from our main awaited target at 113.97. Due to the strength of this level, the price might face some negative pressure and attempt to return to the correction bearish track, especially given that stochastic shows clearly overbought signals. Therefore, the bearish bias is suggested in the upcoming sessions, and the main target is represented by testing 112.05 levels. It is important to monitor the price behavior when reaching this level, as the break will extend the bearish wave to target 106.63 areas again, while the bearish bias will remain valid unless the price manages to breach and hold above 113.97 levels. The expected trading range for today is between the 112.05 support and the 114.30 resistance.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of GBP/JPY for November 25, 2016

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Overview

The GBPJPY pair resumed its bullish rally yesterday surpassing the bearish channel's resistance around 140.10 today and attempting to start forming new bullish bias. The price needs to settle above the breached resistance starting to record some gains by reaching 141.60 followed by 143.10 levels to confirm bullish attempts. Stochastic stability within the overbought areas will increase the positive pressure on current trading and provide new positive momentum to confirm the attempt to reach the previously suggested targets. The expected trading range for today is between 140.00 and 141.60.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of Gold for November 25, 2016

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Overview

The gold price trades with clear positivity now in attempt to move away from 1,172.68 levels, which supports continuation of our bullish overview for the upcoming period. The price is likely to test the 1,211.31 level as the next main target. Therefore, the bullish bias will remain suggested for the rest of the day conditioned by the price stability above 1,172.68. A breach of the targeted level will extend gold price gains to 1,249.94 as the next main station. The expected trading range for today is between the 1,160.00 support and the 1,211.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of Silver for November 25, 2016

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Overview

The silver price approaches from retesting the 16.56 level that forms key resistance now as holding above this level represents the key to negative scenario continuation, which targets 15.49 levels in the upcoming period. Therefore, we will keep our bearish trend expectations valid for today unless breaching and holding above 16.56 levels, as the breach is a positive factor that will make the price attempt to regain the main bullish trend again with positive targets starting at 17.43 and extending to 18.30. The expected trading range for today is between the 15.80 support and the 16.56 resistance.

The material has been provided by InstaForex Company - www.instaforex.com