The GBPJPY pair formed more of the slow bearish waves, confirming their surrender to the suggested bearish scenario, by moving away from the barrier at 194.55 level, to repeat the pressure on the intraday obstacle at 192.90.

The continuation of providing negative momentum by stochastic will assist in forming an extra decline to target 192.35 level, reaching the main support at 191.70, while breaching the mentioned barrier will cancel the negative suggestion, to provide the price a chance to renew the bullish attempts by its rally towards 195.20 initially.

The expected trading range for today is between 192.35 and 194.20

Trend forecast: Bearish

Platinum price took advantage of the repeated stability above the extra support at $1042.00, to notice forming some bullish trading and recording the initial target by hitting $1071.00.

Reminding you that confirming breaching $1070.00 level that represents the extension of the bullish channel’s resistance is important, to confirm its move to a new bullish station that allows it to press on the barrier at $1100.00, while the failure of the breach will force the price to provide mixed trading, and there is chance for renewing the pressure on the support at $1042.00.

The expected trading range for today is between $1052.00 and $1080.00

Trend forecast: Bullish

Copper price failed to confirm breaching the barrier at $4.8100, reaching the target at $4.8900 yesterday then form a strong bearish rebound by holding near $4.6900.

The chance remains valid for activating the bullish track by its stability above the support at $4.500, besides the attempt of providing positive momentum by the main indicators, which make us prefer the positivity for today to target $4.8100 again.

The expected trading range for today is between $4.6300 and $4.8100

Trend forecast: Bullish

The (GBPUSD) price declined in its last intraday trading, attempting to gain a positive momentum that might assist it to recover and rise again, and it attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals.

This comes with the continuation of the dynamic support that is represented by the trading of the pair above its EMA50, and under the full dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.