The GBPJPY pair provided several negative closes in its recent trading below the critical resistance at 190.10, to interact with the negativity of the main indicators by attacking 38.2% Fibonacci correction level at 188.00.

Stochastic begin providing negative momentum will increase the chances for confirming breaking 188.00 level, which allows it to form strong bearish waves, to expect reaching 186.50, then attempt to press on the barrier near 186.10, in order to find an exit to resume the negative attack in the upcoming period trading.

The expected trading range for today is between 186.50 and 188.70

Trend forecast: Bearish

Platinum price repeated providing strong positive pressures on the $972.00 level, which represents the extension of the broken bullish channel’s support, getting an advantage from its stability above the moving average 55, which increases the chances of entering the bullish channel’s levels again.

Confirming the breach makes us expect reaching 50% Fibonacci correction level at $984.00, and breaching this obstacle will extend the trading in the near period towards achieving extra gains that might begin at $994.00 and $1005.00.

The expected trading range for today is between $960.00 and $984.00

Trend forecast: Bullish

Copper price confirmed breaching 50% Fibonacci correction level by its rally above $4.6600 level, to begin recording some of the waited gains by hitting $4.7800 level.

Note that stochastic attempt to exit the overbought level might force the price to provide some of the temporary sideways trading until gathering more of the positive momentum, reinforcing the chances for attacking the barrier at $4.8200, surpassing it will make the price achieve extra gains that might begin at $4.9000 and $4.9600.

The expected trading range for today is between $4.6800 and $4.8200

Trend forecast: Bullish