The GBPJPY pair kept its stability near the moving average 55 yesterday, represented by 161.70 level, to increase the chances of gaining the required positive momentum to resume the bullish attack.
Also, stochastic approach to 50 level will assist to activate the bullish track, to expect moving towards 162.60 followed by repeating the pressure on 163.40 obstacle in order to find a way to resume the bullish attempts in the upcoming period.
The expected trading range for today is between 161.50 and 163.45
The expected trend for today: Bullish
Platinum price returned to form new bullish waves to surpass 925.00 barrier and provide positive signal to manage to resume the correctional bullish attack by reaching 940.00.
The continuous stability above the breached barrier and stochastic additional positive momentum allow us to suggest more rise, expecting to attack 955.00 level, and attacking this level might extend trades towards 980.00.
The expected trading range for today is between 920.00 and 980.00
The expected trend for today: Bullish
Copper price resisted the negative pressures recently to keep the positive stability within the correctional bullish track, to consolidate above 3.3500 and take advantage of stochastic positivity to rally towards 3.5200.
The continuous positive momentum will reinforce the chances of resuming the correctional bullish attack, to keep waiting to achieve the targets near 3.6300 followed by reaching 38.2% Fibonacci correction level at 3.8500.
The expected trading range for today is between 3.4500 and 3.6300
The expected trend for today: Bullish
Wheat price provides positive trades to test the main bearish channel’s resistance, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the main bearish trend, which its next target located at 744.40.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 814.00.
The expected trading range for today is between 760.00 support and 815.00 resistance.
The expected trend for today: Bearish