The GBPJPY pair activated the bearish correctional track, due to its reach below 194.60 level, affected by stochastic exit from the overbought level, which forces it to suffer some losses by reaching 193.90.

Depending on the key support extension on 193.35 level, to increase the chances for activating the bullish track, to step above 194.60 then targeting 195.70 level, while breaking the support will force it suffer extra losses that might extend to 192.65 reaching to the moving average 55.

The expected trading range for today is between 193.35 and 195.00

Trend forecast: Bullish

Platinum price began to receive negative momentum due to stochastic reach below 50 level, reinforcing the chances for activating the suggested negative attack, reminding you that the bearish scenario remains valid, depending on the continuation of forming extra barrier at $1005.00 level, to increase the chances for reaching the moving average 55 near $966.00, surpassing it will renew the pressure on the support at $950.00.

The expected trading range for today is between $965.00 and $1000.00

Trend forecast: Bearish

Copper price confirmed the continuation of the bearish scenario by providing a new negative close yesterday below $4.6600, which represents an extra barrier to its stability near 50% Fibonacci correction level.

Note that gathering the negative momentum in the current period is important to ease the mission of pressing on the barrier at $4.5000 level, and breaking it will open the way towards targeting negative stations, which might extend to $4.4500 and $4.3100.

The expected trading range for today is between $4.4500 and $4.6600

Trend forecast: Bearish

The (GBPUSD) price declined in its recent intraday trading, surpassing the support of its EMA50, facing negative pressure especially with the emergence of the negative signals on the (RSI), despite reaching oversold levels, amid the dominance of the bearish correctional trend on the short-term basis, to get ready to break the key support at 1.3260.