The GBPJPY pair continued forming bullish trading since yesterday, taking advantage of the main stability within the bullish channel’s levels, besides surpassing the extra barrier at 195.80, approaching from the initial target level at 196.85 level.

We expect gathering the positive momentum by stochastic attempt to reach the overbought level, to reinforce the chances for targeting new bullish stations that might extend to 197.45 reaching 198.80 in the medium period trading.

The expected trading range for today is between 195.85 and 197.45

Trend forecast: Bullish

Despite Platinum price attempts to provide some positive trading, but its repeated stability below the barrier at $1275.00 level assists to motivate providing new bearish trading, attempting to decline below $1225.00, then targeting $1184.00 level, which represents the initial extra target for the near trading.

By the above image, we notice stochastic reach below 50 level, to increase the chances for gathering the required negative momentum to reach the mentioned negative stations. 

The expected trading range for today is between $1185.00 and $1260.00

Trend forecast: Bearish

Copper price remains affected by the temporary sideways track by its continuous fluctuation near $4.7800 without recording any of the extra positive targets, but its repeated stability above the extra support at $4.6600 and the attempt of the main indicators unionism in providing positive momentum, these factors assist to motivate the bullish attempts that target $4.8900 level, reaching the next main target at $5.0300.

The expected trading range for today is between $4.7000 and $4.8900

Trend forecast: Bullish

The (ETHUSD) price settled low in its last intraday trading, duet o the stability of the current resistance at $2,640, accompanied by reaching the resistance of EMA50, which increases the negative pressure on the price, to attempt to gain positive momentum that might assist it to surpass this negative pressure, and it is attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them, to lean on the support of a main bullish trend line on the short-term basis.