The GBPJPY pair attempted to record some extra gains by hitting 200.75 level, to return to settle below 200.40 barrier, to obstacle the chances for resuming the bullish attack.

Therefore, we will keep the bearish correctional scenario, gathering the negative momentum makes us expect declining towards 198.60 directly, then attempts to press on the support near 197.80, while the price success in confirming breaching the barrier will allow it to renew the bullish attempts, to expect its rally towards 201.55, forming the next positive target of the bullish scenario.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish

Platinum price continued its last trading by forming high peaks, to confirm forming new bullish track, hitting 1407.25 level yesterday, besides the fluctuation of the moving average 55 below the current trading confirms the price confinement with the bullish track, to keep our expectation of surpassing $1412.00 level to ease the mission of recording the next main target at $1435.00.

Note that stochastic exit from the overbought level might force the price to provide intraday sideways trading until gathering the required bullish momentum to reach the suggested target.

The expected trading range for today is between $1390.00 and $1425.00

Trend forecast: Bullish

Copper price moves slowly in the last period trading, despite the positive factors to notice its fluctuation near $4.6200, note that the continuation of providing positive momentum by the main indicators and the main stability above the extra support at $4.2600 will increase the chances of targeting $4.7500, and surpassing it will open the way for achieving new gains that might begin at $4.9500.

The expected trading range for today is between $4.5000 and $4.7500

Trend forecast: Bullish

The (ETHUSD) price settled with slight gains in its last intraday trading, leaning on the support of its EMA50, accompanied by testing the critical support level at $4,490, amid the dominance of the main bullish trend and its trading alongside minor bias line on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, reinforcing the chances for the price recovery on the near-term basis.

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