The GBPJPY pair succeeded to surpass the negative pressures, forming a bullish wave to settle above the barrier at 194.55 level, attempting to confirm regaining the bullish bias, we should confirm that providing a new close above the breached barrier is important to reinforce the chances for forming bullish waves, to target 195.70 and 196.45.
By the above image, we notice stochastic attempt to provide positive momentum, to increase the chances for confirming the bullish scenario and begin achieving the suggested targets.
The expected trading range for today is between 194.20 and 195.70
Trend forecast: Bullish
Platinum price ended yesterday’s trading by providing a positive close above $1071.00 level, announcing its move to a new bullish station, achieving some of the gains by its stability near $1083.00.
The continuation of forming extra support at $1056.00 level and the continuation of providing positive momentum by the main indicators make us suggest a strong bullish rally, which presses on the barrier at $110.00 to target new stations that might begin at $1125.00.
The expected trading range for today is between $1075.00 and $1100.00
Trend forecast: Bullish
Copper price confirmed the stability of the bullish track, forming extra support at $4.6600 level, to form a bullish rally and settles above the barrier at$4.8100 level.
The unionism of the main indicators on providing positive momentum makes us expect to reach the obstacle at $4.8900 and surpassing it will open the way towards recording new gains that might extend to $4.9600 and $5.0300.
The expected trading range for today is between $4.7500 and $4.8900
Trend forecast: Bullish
The (GBPUSD) price rose in its last intraday trading, taking advantage of its stability above its EMA50, which provided dynamic support that assisted it to achieve its last gains, with the continuation of its trading alongside a minor bullish bias on the short-term basis.
The (RSI) reinforces the bullish trend, after the appearance of clear positive signals due to surpassing oversold levels, showing the improvement of the bullish momentum, and supports the possibility for the continuation of the rise in its upcoming moves.