Platinum price formed a strong bullish rally, surpassing 61.8%Fibonacci correction level at $1017.00, forming strong bullish waves, achieving several gains by reaching %1060.00.

The current rebound towards $1040.00 will not be a threat for the chances of resuming the bullish attack, due to the stability of the price within the bullish channel’s levels, besides the continuation of providing the positive momentum, which increases the chances for targeting $1065.00 level reaching the bullish channel’s resistance at $1080.00.

The expected trading range for today is between $1025.00 and $1065.00

Trend forecast: Bullish

Copper price lost its negative momentum, which forces it to form a new bearish trading, delaying the negative attack by its repeated stability above the extra support at $4.5000, reinforced by the stability of the moving average 55 above it as appears in the above image.

We expect the confinement of the trading between the mentioned support at $4.6600 level as barrier against activating the bullish track, therefore, we will stay aside until surpassing one of these level, which will detect the trend in the near period, note that breaching the barrier will provide chance for achieving some gains by its rally to $4.7500 reaching the resistance near $4.9100.

The expected trading range for today is between $4.5500 and $4.6600.

Trend forecast: Neutral

The (GBPUSD) price rose in its last intraday trading, preparing to attack the critical resistance at 1.3440, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the dynamic support of the EMA50, besides the emergence of the positive signals on the (RSI), after offloading its overbought conditions, which open the way for the upcoming rises.

The (USDJPY) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below its EMA50, to break a bullish correctional trend line on the short-term basis, increasing the negative pressure on it, this comes after offloading some of the clear oversold conditions on the (RSI), opening the way towards more of the downside moves.