The GBPJPY faces new support– Forecast today – 13-9-2024

Platinum price touched the positive target at 983.00$ this morning, to notice the attempt to settle above it in order to confirm the domination of the bullish bias in the upcoming period.

Copper price still stable below the MA55 until this moment, which forms additional barrier at 4.2400$, to reinforce the chances of activating the previously suggested negative track, also, stochastic reach to the overbought areas confirms getting rid of the negative pressures, to expect the beginning of forming some bearish waves to target 4.0250$ followed by reaching 3.9000$, reminding you that breaching 4.3200$ resistance will cancel the negative overview and open the way to achieve some gains before reaching the waited negative stations.

Ethereum price (ETHUSD) didn’t show any strong move yesterday, to continue fluctuating around the EMA50, thus, no change to the expected bullish trend scenario on the intraday basis, and the price needs to get positive motive to assist to achieve our targets that start at 2545.00$ and extend to 2623.77$.