The GBPJPY pair succeeded in taking advantage of the main indicator’s positiveness, forming a strong bullish rally, achieving the previously suggested targets by reaching 196.18, forming a temporary negative rebound, in order to catch its breath before forming a new bullish attack.

The bullish track will remain valid, depending on the stability of the support near 194.20, besides the continuation of providing positive momentum by the main indicators, to expect surpassing 196.30 and reaching the next target at 197.35, to face 61.8%Fibonacci correction level.

The expected trading range for today is between 195.25 and 197.35

Trend forecast: Bullish

Platinum price took advantage of the stability of the extra support at $1125.00, besides the unionism of the main indicators to provide positive momentum, to resume the bullish attack and its approach from the second main target at $1183.00.

The price might face a difficulty to surpass $1183.00 level, due to stochastic reach to the overbought level, which forces it to provide some mixed trading, which provides a testing chance to $1158.00 level, while the price success to achieve the breach and providing a positive close will allow it to record new targets that might extend towards $1195.00 reaching $1223.00 in the medium period trading.

The expected trading range for today is between $1160.00 and $1195.00

Trend forecast: Bullish

Copper price forced to delay its bullish rally by its stability below $4.8900 level, to form an intraday barrier against the bullish attempts, which forces it to activate with stochastic negativity by reaching $4.7800.

We expect the price affection by the sideways bias temporary dominance, but 50%Fibonacci correction level keeps forming an extra support at $4.6600 makes us wait for gathering the positive momentum, which allows to confirm surpassing $4.8900 level, then attempts to reach the next target at $5.0300.

The expected trading range for today is between $4.7500 and $4.8900

Trend forecast: Fluctuated 

The (ETHUSD) price declined in its last intraday trading, after retesting the resistance level at $2,540, accompanied by testing a minor bullish trend line, to reach the resistance of its EMA50, which increased the strength of this area as a resistance that prevented the continuation of the last rise of the price, which forced it to surrender to the negative pressures, especially with the emergence of the negative signals on the (RSI), after the price success in offloading its oversold conditions.