The GBPJPY pair formed strong bullish rally since morning, taking advantage of its positive stability within the bullish channel’s levels, besides forming strong extra support at 212.75 level, surpassing the suggested targets in the previous report and its stability near 214.00.

Providing bullish momentum by the main indicators supports the chances of resuming the bullish attempts, and surpassing %2.00 Fibonacci extension level at 214.15 makes us expect reaching the next main target near 214.90, approaching the resistance of the bullish channel.

The expected trading range for today is between 212.70 and 214.90

Trend forecast: Bullish

Platinum price remains stable until this momentum within the bullish track, due to the continuation of forming initial support at $2235.00, its neediness to the bullish momentum pushed it to provide weak sideways trading by the continued fluctuation near $2325.00 level without recording any positive level since yesterday.

In general, we will keep our bullish suggestion in the near period trading, confirming the importance of gathering the bullish momentum, to reinforce the chances of its rally towards $2380.00 then attempt to breach $2415.00 and $2465.00 level, to open the way towards new historical stations in the upcoming period.

The expected trading range for today is between $2265.00 and $2415.00

Trend forecast: Bullish

No new for copper price by its fluctuating below $5.9700 barrier, which obstructs the chances of achieving any new gains, to increase the chances of activating the bearish corrective track again, therefore, we will keep waiting to decline towards the corrective stations that are located near $5.7500 reaching the initial support at $5.5800 level.

Note that the success in breaching the barrier and holding above it will reinforce the chances of resuming the main bullish attack, to expect reaching $6.1200 directly, then press on the resistance of the main bullish channel’s resistance at $6.2000.

The expected trading range for today is between $5.7500 and $5.9700

Trend forecast: Fluctuating within the bullish trend

 The (ETHUSD) price settled on a decline in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the bullish trend on short-term basis, with its trading alongside supportive trendline for this trend, attempting to gain bullish momentum that might help it to surpass its negative pressure and announce its full recovery in the upcoming specially with the emergence of positive overlapping signals on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move.