The GBPJPY pair formed temporary negative wave yesterday to test the additional support at 191.80 followed by starting to form bullish rally to settle near the MA55 at 194.00.

We remind you that it is important to gather the positive momentum now to manage to renew the pressure on 194.40 resistance line, while surpassing it will confirm the continuation of the positivity for the upcoming trading, to target 195.55 as a first main station.

The expected trading range for today is between 192.80 and 194.70

Trend forecast: Bullish

Platinum price still stable near 942.00$ level, hinting its surrender to the negative pressures caused by the MA55 consolidation below 955.00$ barrier, in addition to stochastic attempt to provide the negative momentum by settling below 50 level.

Theses factors allow us to keep the negative overview for now, reminding you that the first negative target is located at 930.00$, while breaking it might extend losses towards 920.00$ support line.

The expected trading range for today is between 930.00$ and 955.00$

Trend forecast: Bearish

Copper price provided weak sideways trades yesterday to continue fluctuating near the MA55 at 4.2200$, affected by stochastic negativity.

We expect to form more sideways trades, reminding you that the frequent stability above 4.1500$ support line might assist to activate the bullish track again to ease the mission of pressing on 4.3300$ barrier, noting surpassing it will push the price towards 4.5300$ as a next main target, while breaking the support will reinforce the domination of the correctional bearish bias to suffer additional losses by moving towards 4.0200$ before any attempt to activate the bullish track.

The expected trading range for today is between 4.1500$ and 4.3300$

Trend forecast: Bullish

Ethereum price (ETHUSD) shows new positive trades to test 3222.00$ level again, getting positive signals through stochastic to support the chances of continuing the rise in the upcoming sessions, but we notice that the EMA50 forms negative pressure against the price, to face contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend, through breaching 3222.00$ resistance or breaking 3017.30$ support.

Note that breaching the mentioned resistance will lead the price to achieve more gains and head towards 3425.50$ as a main positive target, while breaking the support represents the key to suffer new losses that reach 2765.00$.

The expected trading range for today is between 3030.00$ support and 3340.00$ resistance.

Trend forecast: Neutral