The GBPJPY pair took advantage of the positive factors that ae represented by the positive momentum from the main indicators and forming a new support at 197.45 level, forming a new bullish rally on Friday by achieving the target at 198.85, to face strong challenge by forming extra barriers by 66%Fibonacci correction level.
Stepping above the current barrier is required to resume the bullish attempts, besides providing positive close to reinforce the chances of reaching extra positive stations that might begin at 200.45, while the failure to breach will push it to renew the bearish correctional attempts, which forces it to reach 61.8%Fibonacci correction level at 197.45, and breaking it will extend the losses in the near period to 196.55 and 195.60.
The expected trading range for today is between 198.25 and 200.40
Trend forecast: Bullish
There is no change in the sideways trading of Platinum price, due to its repeated fluctuation between the barrier at $1342.000, while $1300.00 level forms extra support as appears in the above image.
We recommend staying aside until surpassing one of these levels to detect the suggested trend in the upcoming trading, surpassing this barrier and holding above it will increase the chances for recording some gains by its rally at $1375.00 and $1415.00, while facing strong pressure and reaching below the current support will force it to suffer clear losses by targeting 38.2%Fibonacci correction level at $1255.00.
The expected trading range for today is between $1305.00 and $1342.00
Trend forecast: Neutral
According to BestTradingSignal.com, here’s the detailed weekly performance of VIP trading signals for the period August 4–8, 2025. The signals covered gold, oil, global indices like the Dow Jones, and major forex pairs, delivering strong results within just one trading week. For more trusted providers, visit the trading signals section on Economies.com.
Total pips: +1840
The (ETHUSD) price settled high in its last intraday trading, amid the full dominance of the main bullish trend and its trading alongside a minor bias on the short-term basis for this trend, supported by its continuous trading above EMA50, besides the emergence of the positive signals on the (RSI), after reaching oversold levels, opening the way for achieving more of the gains.
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