The GBPJPY pair failed to resume the bearish correctional attack, affected by forming an obstacle at 66.8%Fibonacci correction level at 198.80, forcing it to provide mixed trading by its stability near 199.90.
Note that regaining bullish bias will be by breaching the resistance at 200.65, while holding below it and stochastic attempt to exit the overbought level confirms the dominance of the sideways bias in the current period, to expect the trading confinement between the mentioned main levels, to keep monitoring the price behavior to confirm the trend by surpassing these levels.
The expected trading range for today is between 198.85 and 200.60
Trend forecast: Sideways
Platinum price returned to form weak and sideways trading by its reach below the moving average 55, delaying the bullish rally on the intraday basis until gathering the required positive momentum.
Reminding you that the bullish scenario will remain valid, depending on the continuation of forming extra support at $1304.00 level, increasing the chances for reaching the positive stations near $1375.00 and $1430.00.
The expected trading range for today is between $1335.00 and $1375.00
Trend forecast: Bullish
Copper price took advantage of the moving average 55 positivity, which supports the stability of the extra support at $4.2600, facing stochastic contradiction and its stability near $4.470.
We will keep waiting to gather the required positive momentum to resume the bullish attempts, to target $4.6200 and $4.7400 level, while the risk of changing the trend comes by breaking the critical support at $4.0700.
The expected trading range for today is between $4.330 and $4.6300
Trend forecast: Bullish
The (ETHUSD) price deepened its losses in its last intraday trading, after surpassing the support of its EMA50, which put it under negative pressure that led it to break its current support at $4,360, amid the dominance of bearish correctional wave on the short-term basis and its move alongside a bias line, with the emergence of the negative signals on the (RSI), after reaching overbought levels.
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