The GBPJPY pair succeeded to breach the barrier at 198.85, to confirm its readiness to resume the bullish attack, reaching 199.35 taking advantage of providing positive momentum by the main indicators.

We expect forming bullish trading, to target new positive stations that might begin at 200.40, to confirm entering the bullish channel’s levels, then attempts to target 78.2%Fiboancci level at 202.000, while the risk of changing the bullish trend requires forming a sharp decline, to settle below 61.8%Fibonacci correction level at 197.45.

The expected trading range for today is between 198.70 and 200.40

Trend forecast: Bullish

Platinum price remains affected by the dominance of the sideways bias, due to the fluctuation within the levels that is represented by the initial support at $1305.00, while $1340.00 level forms a clear obstacle against the attempts to renew the bullish rally.

Therefore, we will stay aside until price success surpassing one of these levels, to detect the main trend in the upcoming trading, note that the price success in breaching the obstacle and holding above it will reinforce the chances for forming bullish attempts by reaching $1375.00 followed by the next resistance at $1415.00.

The expected trading range for today is between $1305.00 and $1342.00

Trend forecast: Neutral

Copper price continued to resist the negative pressures, to provide more of the positive closes within the bullish channel’s levels, especially above the main support at $4.0500, besides the attempt of the moving average 55 to reinforce the extra support’s stability at $4.2600 and reinforce the chances of activating the suggested bullish attempts.

Therefore, we will keep waiting for positive momentum to begin recording several gains by its rally near $4.6300, then attempt to press on the next barrier at $4.7400 to find an exit to resume the bullish attempts.

The expected trading range for today is between $4.3000 and $4.6300

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, amid its move in sideways range in attempt to gain positive momentum that might help it to recover and complete the strong bullish track, amid its trading alongside a minor bullish bias line on the short-term basis, taking advantage of the dynamic support that is represented by its trading above its EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), which reduced the last gains of the price.

Therefore, our expectations suggest a rise in the (ETHUSD) price in the upcoming intraday trading, conditioned by its stability above $4,150, targeting the resistance level at $4,500.

The expected trading range is between $4,000 support and $4,500 resistance.

Today’s forecast: Bullish