The GBPJPY pair continued providing negative trading, affected by forming extra barrier at 208.10 level, with the negative momentum that comes from stochastic below 50 level, attacking the support at 206.90 that formed the suggested target in the previous report.

The effect of the temporary sideways bias dominance, however facing the negative pressures that might push it to resume the corrective decline, to target 206.25 and 205.80 level, while renewing the bullish attempts requires forming strong bullish attack, to settle above 208.10 then begin targeting new positive stations by its rally towards 209.15.

The expected trading range for today is between 206.25 and 207.65

Trend forecast: Bearish

Platinum price continued forming strong bullish waves, taking advantage of its stability within the main bullish channel’s levels, besides forming extra support at $1740.00 level, recording new historical gains by hitting 1828.00 level, to record the previously suggested targets.

Note that the continuation of providing positive momentum by the main indicators will motivate the price to resume the rise and record new gains by its rally towards $1847.00 and $1865.00, while reaching below $1740.00 will increase the chances of activating the profit- taking path, to expect reaching $1720.00 and $1675.00.

The expected trading range for today is between $1750.00 and $ 1847.00

Trend forecast: Bullish

Copper price is forced to provide more sideways trading, affected by stochastic exit from the overbought levels, fluctuating near $5.2500 without recording new positive target.

Holding above the extra support at $5.1300 makes us keep the bullish scenario, to expect forming bullish waves by gathering extra positive momentum to reach $5.3800 initially, then wait to hit the main target at $5.5000.

The expected trading range for today is between $5.2000 and $5.500

Trend forecast: Bullish

The (ETHUSD) price rose in its last intraday trading, due to the stability of the key support at $2,935, this support was potential target in our previous reports, providing bullish momentum that helped the price to settle temporarily, to attempt to recover some previous losses, and attempting to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, affected by breaking bullish corrective trend line on the short-term basis, with its trading alongside steep minor trend line.