The GBPJPY pair continued resisting the negative pressures that come from stochastic reach to 20 level, to achieve the initial target at 194.20, which forces it to decline again towards 193.45 due to its continuous neediness to the positive momentum.

Reminding you that the bullish scenario remains valid, depending on the stability of the main support near 191.50, the stability of the moving average 55 below the current trading might provide a chance for gaining positive momentum, to keep our bullish expectations which targets 194.60 level, and surpassing this obstacle will extend the trading directly to the next target at 195.30.

The expected trading range for today is between 192.90 and 194.60

Trend forecast: Bullish

Platinum price neediness to the negative momentum led to form some of the bullish waves by its stability above $983.00, approaching from the resistance at $1005.00, note that the continuation of providing positive momentum by the main indicators will confirm delaying the negative attack, to increase the chances of the trading rally towards 61.8%Fibonacci correction level, which forms the dividing line between confirming the main trend in the upcoming trading.

Therefore, we expect the continuation of the price’s fluctuation within tight range, to keep waiting for its decline below $983.00, which allows it activate the negative attack and reach towards the negative stations near $966.00 and $950.00.

The expected trading range for today is between $983.00 and $1010.00

Trend forecast: Fluctuated 

Copper price returned to provide weak sideways trading by its stability near $4.5800 level, attempting to gather extra negative momentum to confirm the dominance suggested bearish trend scenario, the main stability below the resistance at $4.9100 level, besides the continuation of forming extra barrier at $4.6600 level, these factors make us keep the bearish suggestion, to wait for reaching below $4.5000 level, to ease the mission for reaching the negative targets near $4.4300 and $4.3100.

The expected trading range for today is between $4.4500 and $4.6100

Trend forecast: Bearish

The (GBPUSD) declined in its last intraday trading, leaning on the support level at 1.3340, in attempt to gather the gains on its previous rises, and attempts to offload some of its overbought conditions on the (RSI), especially with the emergence of the negative signals from there, to gather its positive strength that might assist it to recover and rise again, amid the domination of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above its EMA50.