The GBPJPY pair activated negatively with the economic data on Friday to resume the bearish correction, to target 201.70 support, then bouncing positively to settle above %161.8 Fibonacci extension level at 202.40 to reinforce the chances of forming new bullish waves, to attempt to reach 203.40 then press on the barrier at 203.85.
While facing new bearish pressure and reaching below 201.70 support confirms its move to a new negative station, which forces it to suffer more losses by reaching 201.20 followed by the extra support at 200.45.
The expected trading range for today is between 202.40 and 203.85
Trend forecast: Bullish
Platinum price provided mixed trading on Friday due to the contradiction between the main indicators, targeting 1583.00 level, then attempts to form bullish wave confirming the continuation of the suggested bullish scenario.
Reminding you that holding above $1525.00 support confirms the price surrender to the bullish bias dominance, to expect gathering positive momentum, to form new bullish rally and press on the barrier at $1690.00, and surpassing it will make the price record extra gains that might begin at $1745.00.
The expected trading range for today is between $1580.00 and $1690.00
Trend forecast: Bullish
Copper price forced to form clear corrective trading after reaching the target at $5.2000, affected by the stability of stochastic below 80 level, reaching $4.7500 support to settle above it.
The continuation of the stability above the current support makes us wait for gathering positive momentum, to expect its rally towards $5.0600, then repeating the pressure on $5.2000 level, while breaking the current support and holding below it might force it suffer extra losses by reaching $4.6100 before any attempt to renew the bullish attempts.
The expected trading range for today is between $4.8000 and $5.2000
Trend forecast: Bullish
The (ETHUSD) price declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative crossover on the relative strength indicators, after reaching exaggerated overbought levels, to indicate forming negative divergence which might intensify the negative pressure.
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