The GBPJPY pair ended its last bullish rally by hitting 211.60 level, to achieve the extra suggested target in the previous report, then begin gathering some gains by forming corrective decline and its stability near 210.50.
By the above image, we notice the stability of the price within the main bullish channel’s levels by forming extra support at 209.75 level, which might help to end the temporary negative pressures, to wait for gathering extra bullish momentum to renew the bullish attempts and reaching new bullish stations in the near period by its rally towards 211.95 reaching 212.55 resistance.
The expected trading range for today is between 209.75 and 211.60
Trend forecast: Fluctuated
Platinum price took advantage of its positive stability above the psychological barrier at $2000.00 level, activating with the main indicators positivity by forming strong bullish rally, to surpass $2125.00 level, to settle near $2185.
MoreCopper price provided sideways trading, keeping its stability within the bullish track by its fluctuation near$5.5000 level, due to stochastic attempt to exit the overbought level, which makes us prefer more sideways trading until it gathers the required extra positive momentum for breaching the current barrier, to reach extra stations at $5.6300 and $5.7400.
MoreThe (ETHUSD) price declined in its last intraday levels, amid the emergence of negative signals from relative strength indicators, after reaching oversold levels, attempting to gain bullish momentum that might help it to recover and rise again, leaning on EMA50’s support with the dominance of minor bullish wave, affected by its exit from bearish channel’s range on the short-term basis.
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