The GBPJPY pair began activating with the positive factors that is represented by the stability above the extra support at 197.85 besides the unionism of providing positive momentum by the main indicators, reaching 199.95.
Reminding you that breaching the barrier at 200.40 is important to reinforce the continuation of the positivity, then begin targeting extra stations that might begin at 201.55 reaching 161.8%Fibonacci extension level at 202.40.
The expected trading range for today is between 199.40 and 201.55
Trend forecast: Bullish
Platinum price formed strong bullish rally, to surpass $1383.00 level to achieve extra gains by reaching $1422.00, approaching from %2.618 Fibonacci extension level that appears in the above image.
Providing positive momentum by the main indicators that might increase the chances for surpassing the barrier at $1426.00, opening the way for recording extra gains that might extend towards $1455.00 reaching the top near $1480.00, while the failure of the breach will motivate the attempts of gathering the gains, to reach $1398.00 and $1383.00 directly.
The expected trading range for today is between $1400.00 and $1455.00
Trend forecast: Bullish
Copper prices didn’t move any news by forming repeated sideways trading, due to its neediness for the positive momentum, due to the continuation of stochastic fluctuation within the oversold level until this moment.
While the stability within the bullish track that depends on the stability of the critical support at $4.0900, besides forming extra support at $4.2600 level, these factors make us wait to gather positive momentum to ease the mission of recording the positive targets that might begin at $4.6200 and $4.7500.
The expected trading range for today is between $4.4200 and $4.7500
Trend forecast: Bullish
The (ETHUSD) price rose in its last intraday trading, due to the stability of the key support at $4,250, gaining the bullish momentum that helped it to achieve these gains, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels, to attempt to offload some of this oversold condition, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the bearish correctional trend on the short-term basis and its trading alongside bias line.
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